€495,000

Faro Algarve

Overview

SUMMARY: Discover an opportunity with this Faro villa for sale and available for €495,000. This could be your next ideal home or a smart investment. More details await.

Investment Opportunity in the Center of Faro with PIP approved! In the heart of Faro, a few steps from the train

station, we present a warehouse with a project submitted to the City Council for conversion into 4 villas (two T2 with garage and two T1). It is a highly profitable project. Located in the ARU (Urban Rehabilitation Area) area, this property can benefit from tax incentives and support for urban rehabilitation. The space is extremely multipurpose, and
can also be adapted to other purposes, and represents an excellent base for the construction of a fantastic contemporary house. With immense potential for own housing or for the rental market, this project stands out for its privileged location, the possibilities for customization and the setting in a central area in continuous appreciation. A unique opportunity to transform a property with history into a modern and functional project, right in the city center.

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Details

  • Beds: 6
  • Baths: 4
  • Price: €495,000
  • Internal Reference No.: RE159
  • Area: 376 m2
  • Year Built: 1951

Amenities

  • Home
    • Close to the beach
    • Garage
    • Energy Certificate: free

Location

Marketed by:

  • Real Easy
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  • +351 910 797 869
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