Description

An old building for renovation, with high potential for improvement, located in a quiet , consolidated residential area, just 5 minutes from Faro city center and Faro International Airport.

The property is made up of two separate buildings: the main house, spread over two floors, and an annex with just one floor, allowing for great flexibility of intervention. It is feasible to convert it into a large single-family house or to create 2-3 independent apartments, adaptable to different operating models.

It currently has 4 bedrooms, allowing for various layout solutions. It also has a patio/garden at the rear, a versatile space ideal for a leisure area, green area or private parking, depending on the project to be developed. The typical structure of an old building, with generous ceilings and original architectural elements, offers excellent conditions for a rehabilitation that preserves the character of the property and adds to its heritage value.

Its proximity to the center of Faro guarantees easy access to all commerce and services. A short distance from Faro International Airport is a determining factor for short or long-term rental projects.

This is an excellent opportunity for an urban rehabilitation project, in line with the current trends in the valuation of buildings in the city of Faro, in a context of growing demand for rehabilitated properties with good accessibility and a central location.