House for sale in Faro with 9 bedrooms – ID 2263495

INVESTMENT IN THE CENTER OF FARO Ruin + 9-bedroom project with pool, patio, garage and terrace Sale of a ruined property for total reconstruction, accompanied by a T9 Architectural Project with licensing approved by the Faro City Council. Predictable start of work in the very short term. Immediate Advantage for the Investor •Buy the property with an approved project, avoiding months of bureaucracy. •Obtain an asset with double profitability potential: Guest House T9 in the center of Faro Possibility of converting into 3 independent apartments Premium Location Rua Serpa Pinto, in ARU around the Historic Center (Bairro Ribeirinho), less than 5 minutes walk from Baixada and Marina. •Less than 5 minutes walk from Baixa, Faro Marina, Rua de Santo António and shopping area. •Inserted in a Protected Area, in the Ribeirinho neighborhood of the Historic Center, close to the Convent of Santo Antônio dos Capuchos (Monument of Public Interest), •Street completely renovated, with new infrastructure (water/sewage). Project Details (Official Data) Intended purpose: Guest House T9 Gross Construction Area: 299.95 m² Land: 160.20 m² Includes: •Garage (20.55 m²) •Swimming pool (8 m²) •Panoramic terrace (71.60 m²) • Patio (47.15 m²) •9 suites with private bathroom Profitability Potential •The planned structure (3 floors) allows the creation of 3 independent apartments. •Strong demand in the area for: Guest Houses Premium Local Accommodation Traditional lease Resale in fractions Ideal for Investors, promoters, or tourism entrepreneurs looking for a scalable, high-return project in the center of the Algarve capital. NOTE: As it is located in the Urban Rehabilitation Area (ARU), there is the possibility of exemptions from municipal fees and tax benefits (IMI, IMT, VAT at 6% in construction). Negotiable value #ref: 767145

9 bedroom house

Faro, Algarve, Portugal

Location