Casa / Villa T4 em Silves de 157,8 m² – ID 2222301

REHABILITATION BUILDING | SILVES HISTORIC CENTER | 240 M² | PROJECT APPROVED | THREE PROJECT SCENARIOS | ARU A rare opportunity in the heart of Silves In the historic center of one of the most emblematic cities in the Algarve, there is a building with soul and future. Located on a plot of 120 m2, gross area of 240 m², this property — currently in a state of consolidated ruin — constitutes an exceptional opportunity for those looking to build value from the essence: walls that keep history, a location that needs no presentation and a comprehensive rehabilitation project already approved. The absence of bureaucratic constraints allows the buyer to proceed directly to the execution of the work, with complete clarity about the constructive and architectural potential of the building. Three scenarios, one decision The project was approved for one configuration (1st option), however, there is the potential for two more different configurations, adaptable to the buyer's profile and objectives: 1. Investment in two independent apartments Two high-standard independent apartments: a 103 m² T2 on the ground floor and a 130 m² T2 on the first floor, the latter with a private internal courtyard and exclusive access to a 72 m² rooftop with swimming pool and panoramic views over the rooftops of Silves and the surrounding hills. 2. Prestigious single-family house (T4) For those who prefer a main residence with a unique character, there is an alternative project — equally elaborate and ready to be executed — that transforms the building into a T4 house with generous volumes, combining traditional architectural identity with excellent contemporary finishes. 3. Mixed use: commerce and housing A third configuration envisages the installation of commercial space on the ground floor, with a prestigious residence on the upper floor — a solution especially suitable for independent professionals or small operators who wish to combine an office or studio and residence in a single reference property. Location and tax context The property is part of an Urban Rehabilitation Area (ARU), a condition that allows the buyer to access relevant tax benefits under current Portuguese legislation: VAT rate reduced to 6% on rehabilitation works, exemption or reduction of IMT and IMI benefits. Silves combines historical authenticity, tranquility and accessibility: 20 minutes from the beaches of the Algarve coast and 45 minutes from Faro International Airport. Additionally, there is the possibility of purchasing a 40 m² closed garage nearby, with capacity for two vehicles — an added-value asset in a historic center where parking is, by nature, scarce. To receive a complete project binder, floor plans, and detailed information on applicable tax benefits, please contact me directly. At iad, we work collaboratively with all real estate consultants and agencies, always in the best interests of our homeowner clients. We promote properties on more than 200 national and international real estate portals. If you are a professional in the sector and have a qualified buyer client, contact me and schedule your visit. #ref: 919692

4 bedroom house

Silves, Algarve, Portugal