€4,500,000

House for sale Faro
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Overview

SUMMARY: Discover an opportunity with this Faro house for sale and available for €4,500,000. This could be your next ideal home or a smart investment. More details await.

Prestigious heritage building in the city centre with secure tenancy, 650 sqm offices, terraces and income streams, delivering long-term returns stability. An exceptional opportunity to acquire a protected historic property combining architectural heritage,

long-term income security, and prime city-centre positioning. This distinguished building offers investors and discerning buyers a rare blend of prestige, stability, and enduring value. Property Overview - Iconic historic building originally constructed in 1797 - Extensively reconstructed in 1941 and fully upgraded in 2011 - Professionally supervised refurbishment with technical documentation available - Protected heritage classification by Câmara Municipal de Faro - Approved change of use to office accommodation - Approx. 650 sq.m. of internal floor area across three levels - Additional terraces, enclosed garden and parking area (not included in internal size) Location and Lifestyle Appeal - Prime setting within Faro's historic old town - Walking distance to cultural landmarks, restaurants, marina and transport links - Prestigious address enhancing corporate and institutional appeal - Strong demand for centrally located office and mixed-use assets - Gateway to the Algarve's business, tourism and lifestyle economy Architectural Heritage and History - Originally built as a private residence for the Fonseca family - Later served as the Palace of the Bishop of Faro - Recognised for significant cultural and architectural importance - Carefully preserved character blended with modern infrastructure - A rare example of adaptive reuse within a protected urban setting Internal Layout and Accommodation Ground Floor - Main entrance via Rua da Misericórdia - Reception and waiting areas - Multiple spacious office rooms - Staff and public restroom facilities First Floor - Access via internal staircase and external garden staircase - Twelve individual offices - Three bathrooms - Covered and open terraces Second Floor - Accessed from first-floor terrace - Additional private terrace - Compact office space, ideal for executive or support use Technical Features and Condition - Comprehensive air-conditioning system - Fire detection and intruder alarm installations - Modern building services throughout - Very good overall structural and functional condition - Internal fit-out and routine maintenance managed by tenant Secure Tenancy and Income Profile - Fully leased to the Governo do Brasil since 2012 - Long-standing institutional tenant - Consistent and reliable rental income - Low management involvement for owners - Strong covenant enhancing long-term investment security Additional Income Asset Adjoining House Rua do Albergue No. 23 - Separate residential unit included in the portfolio - Licensed as Alojamento Local (AL) - Professionally managed by a letting agent - Generates supplementary short-term rental income - Enhances yield diversification and revenue resilience Investment Highlights - Rare protected landmark property in Faro's historic centre - Institutional-grade tenant with proven long-term occupancy - Dual-income structure: office lease + AL unit - High barriers to entry in heritage locations - Strong capital preservation and appreciation potential - Ideal for income-focused and heritage-minded investors A Distinguished Opportunity The Noble House represents a compelling acquisition for investors seeking a prestigious historic asset with dependable returns, strategic positioning, and exceptional long-term prospects. Combining cultural significance, modern functionality, and secure tenancy, this property stands as one of Faro's most distinctive investment offerings. For detailed documentation, financial information, or to schedule a private viewing, please contact Engel & Völkers Faro-Tavira. Our experienced team is at your service to guide you through a successful investment process. Energy Rating: B- #ref:W-047V8H - W-047V8H - Engel & Völkers Faro-Tavira

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Details

  • Beds: 0
  • Baths: 7
  • Price: €4,500,000
  • Reference No.: 160805613
  • Area: 958 m2

Location

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  • Engel & Völkers Faro-Tavira
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