€495,000

House for sale Faro
Property photo number 1 of 16 Photos for Property. File 91514904_2345_814fb2f5c61c279be5d9df467b805e40.jpeg

Overview

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

Unique investment in central Faro: 315 m² warehouse with approved PIP to create two 2+1-bedroom houses and two independent studio apartments. Explore a rare property investment opportunity in Faro, perfectly located in the city's vibrant centre. This 315 m²

warehouse comes with an approved Preliminary Information Request (PIP), offering the possibility to develop up to four stylish residential units with industrial character and modern comfort. Flexible project with excellent rental potential: -Approved layout for two 2+1-bedroom houses and two independent studios -Units can be combined or kept separate, offering great versatility -Ideal for holiday rentals, multi-generational living, or long-term income Proposed layout for the T2+1 townhouses: Ground floor: -Private garage -Outdoor patio -Open-plan living and kitchen area -Guest WC -Laundry room -Private swimming pool First floor: -Two en-suite bedrooms Attic level: -Adaptable space for third bedroom, home office or leisure area Independent studio apartments: -Separate entrance -Bright and flexible layout -Possibility to add a sleeping area in the attic -High potential for short-term rental income Exceptional location in the heart of Faro: -Walking distance to cafés, restaurants, shops, and local amenities -Close to train station and ferry terminal for beach access via the Ria Formosa -Located in a high-demand neighbourhood with strong capital appreciation A smart choice for discerning investors This property stands out for its strategic location in the Algarve, development potential, and occupancy flexibility. Whether you're looking for a personal project, a high-yield investment, or a modern urban residence, this opportunity combines style, location, and value. Contact the Engel & Völkers Faro-Tavira team for more information or to arrange a visit. Let us help you turn this exciting project into your next real estate success. Energy Rating: G #ref:W-02ZLR4 - W-02ZLR4 - Engel & Völkers Faro-Tavira

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Details

  • Beds: 8
  • Baths: 8
  • Price: €495,000
  • Reference No.: 115464684
  • Area: 315 m2

Location

Marketed by:

  • Engel & Völkers Faro-Tavira
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