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549 000 €
Building in Faro (Sé e São Pedro), FaroFaro, Faro
Building in Faro (Sé e São Pedro) with 81 m²
81 m²
Energy efficiency
A unique investment opportunity in the heart of Faro's historic center. This urban building, strategically located a few meters from the emblematic Arco da Vila and the gates of the mythical Vila Adentro, benefits from an excellent location with very high pedestrian, tourist, and commercial traffic. The property currently has a footprint of 80 m² and its architectural project is in the final approval phase at the Faro City Council. This project was carefully designed to maximize the versatility and value of the building through the creation of two independent units (Horizontal Property), with the following distribution: Ground Floor (Commercial): An independent shop, ideal for a boutique concept, prestigious retail, or office (divided into Front Office, Back Office, vestibule, and bathroom). 1st Floor and Recessed (Residential): A modern T2 apartment with open-plan living room and kitchen, two bedrooms, and two bathrooms. Exclusive Advantage: Direct access to a fantastic private rooftop terrace – a very rare, exclusive, and highly valued feature in downtown Faro. Investor Highlights: Reduced risk and time: The buyer avoids the most complex and time-consuming phase of the bureaucratic process, acquiring an asset with the project practically ready for licensing. Execution flexibility: Ideal for those seeking to rehabilitate at their own pace or adapt the finishes to the end client's profile. High potential profitability: Excellent product for future individual resale of units, as well as for secure income through commercial and residential/tourist exploitation. A prime location where this type of property rarely enters the market. Contact us today to view floor plans and obtain more information.