Excellent property investment opportunity in downtown Faro.
Urban building with 5 autonomous fractions, but based on an exclusive functional programme of collective housing in a condominium.
As such, the project has designated the ground floor for the creation of:
1 one-bedroom flat;
1 T2 flat;
1 T2+1 duplex flat (utilising the space previously occupied by the kitchen on the 1st floor).
As for the 1st floor, it is proposed to create:
1 T2 duplex flat (making use of the compartment located in the turret);
1 T2+1 flat.
It has a gross construction area of 707m2, spread over three floors.
The property could easily be converted into tourist flats and is located within the ARU (Urban Rehabilitation Area), allowing for all the tax and council exemptions and reductions in force at the time.
The property is classified and therefore has various exemptions and tax benefits.
The building licence has already been issued, making it possible to start work immediately.
The city has a lovely marina, beautiful squares, along with an old town full of contemporary architecture, good restaurants and cafés.
architecture, good restaurants and emblematic cafés.
In addition, Faro is home to several museums, churches and historic chapels, making it a vibrant destination both by day and by night. Surrounded by the spectacular Ria Formosa, which includes three main islands, Culatra and Farol, Barreta/Deserta Island and Faro/Ancão Peninsula, the city is truly a treasure on the edge of the Atlantic Ocean.
Book your visit and take it to the next level!
Translated with DeepL.com (free version)
Urban building with 5 autonomous fractions, but based on an exclusive functional programme of collective housing in a condominium.
As such, the project has designated the ground floor for the creation of:
1 one-bedroom flat;
1 T2 flat;
1 T2+1 duplex flat (utilising the space previously occupied by the kitchen on the 1st floor).
As for the 1st floor, it is proposed to create:
1 T2 duplex flat (making use of the compartment located in the turret);
1 T2+1 flat.
It has a gross construction area of 707m2, spread over three floors.
The property could easily be converted into tourist flats and is located within the ARU (Urban Rehabilitation Area), allowing for all the tax and council exemptions and reductions in force at the time.
The property is classified and therefore has various exemptions and tax benefits.
The building licence has already been issued, making it possible to start work immediately.
The city has a lovely marina, beautiful squares, along with an old town full of contemporary architecture, good restaurants and cafés.
architecture, good restaurants and emblematic cafés.
In addition, Faro is home to several museums, churches and historic chapels, making it a vibrant destination both by day and by night. Surrounded by the spectacular Ria Formosa, which includes three main islands, Culatra and Farol, Barreta/Deserta Island and Faro/Ancão Peninsula, the city is truly a treasure on the edge of the Atlantic Ocean.
Book your visit and take it to the next level!
Translated with DeepL.com (free version)