€870,000

Traditional Villa with Terrace and Panoramic View in the Heart of Downtown Olhão.

Excellent location, traditional charm and an extraordinary potential for appreciation are some of the characteristics that define this property, located in the heart of downtown Olhão and composed of two urban articles.

This villa combines the character and authenticity of traditional architecture from Olhão with the comfort and functionality required by contemporary life, presenting itself as an excellent opportunity both for own and permanent housing, as well as for investment and profitability.

On the ground floor, access is made through a magnificent stone staircase, an element that immediately highlights the identity and character of this property. A hallway is spread over three bedrooms, a versatile room that can be transformed into a closet, office or cosy reading area, a bathroom with an elegant Italian shower and a kitchen.

On the first floor is the master bedroom, with about 21 m² and an en-suite bathroom with bathtub. This floor is joined by a fully equipped kitchen, with an island, integrated in open space with the living room, creating a spacious, bright and inviting environment. Through the glazed doors, the living room extends naturally to the balcony, benefiting from abundant natural light and a pleasant connection to the outside.

It is, however, at the top of the property that we find one of its greatest attributes: the terrace, partially covered by a pergola, with outdoor kitchen and a magnificent panoramic view over the Sea, the mountains and the surroundings of the characteristic Cubist City of Olhão. A truly privileged space, designed to enjoy the long Algarve evenings, receive friends or simply contemplate the landscape in an environment of total privacy.

The rehabilitation of the villa was carried out with special attention to the preservation of its identity, maintaining traditional elements such as the stone staircase, the high and worked ceilings and the original architectural character, combined with current comfort solutions, namely tilting windows with double glazing, gas central heating and electric awning on the balcony.

The property also has, on the ground floor, an independent commercial space, currently prepared to be rehabilitated and adapted to the project of the future owner. This space preserves one of the most charming elements of Olhão's traditional architecture: its vaulted ceilings, which give it a unique, almost timeless atmosphere, evoking the history and soul of the old buildings of Baixa. The vaults, with their organic beauty and genuine character, offer an extraordinary architectural canvas to create a distinctive, sophisticated and characterful commercial space. This characteristic represents an important opportunity for appreciation, allowing you to create an additional source of income through renting or exploring your own business in a privileged location with strong demand.

More than a house, we are facing a property with identity, history and multiple possibilities of use, in one of the most sought after and authentic areas of Olhão.

A property with an Algarve soul, a unique location and a potential for appreciation that deserves to be discovered.

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Energy Rating: D
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