Unique opportunity in the city centre of Olhão - ARU Zone – ID 2217690

House located in the city center, within a duly certified ARU area, benefiting from significant tax advantages, namely the reduction of VAT to 6% on construction materials. The property has two independent entrances, with access from two different streets, and a footprint area of approximately 194 m², offering versatility and strong potential for appreciation. The construction feasibility allows for two floors plus a recessed third floor, making this property ideal for investment, with the possibility of developing two independent houses, each with three or more bedrooms. For those seeking a unique home with traditional Algarve charm, without the need to submit an extension project to the Municipal Council, the simple rehabilitation of the existing building allows the creation of a spacious house with at least five bedrooms and approximately 200 m² of total area. An excellent opportunity both for private residence and investment. Energy Rating: Exempt #ref:250027

5 bedroom house

Olhão, Algarve, Portugal

Location