Investment Opportunity - Renovated villa with 2 annexes in Faro

This new real estate project in the centre of Faro comprises a fully renovated traditional Algarvian house with 2 bedrooms and 2 annexes - 1 of them with 2 bedrooms and the other with 1 bedroom. The total private area is 284 m2, to which are added the 180 m2 rooftop terraces– the typical “Açoteia” – with fantastic views of the sea and the city of Faro. This project is in the final stages of construction with completion date in September 2023. The main house is a traditional single storey house, carefully renovated with original details. It comprises an open space living room, dining room and kitchen, 1 guest bathroom and 2 en-suite bedrooms. There is also a private terrace on the ground floor and a 100m2 rooftop terrace. The original façade dates back to 1934, with double-glazed wooden windows that provide comfort while maintaining the original design. The second house is a 2-storey house, with the living area on the ground floor and the 2 bedrooms on the 1st floor. There is also a terrace on the top floor with 40m2. The other annex is a 1-bedroom single storey house with 55m2 of living space and a 40m2 roof terrace. The property can be sold together or the 3 units separately. There is a pleasant common courtyard with Portuguese pavement “calçada Portuguesa” that provides a charming airy feel in the middle of the city. The property is equipped with: - Polished concrete flooring throughout - Solar hot water heating - Reversible air conditioning - Wooden frames (main house) with double glazed windows and thermal cut - Aluminium frames (annexes) with double glazed windows and thermal cut - Thermal insulation - 3.70 m high ceilings - Wooden fully equipped kitchen with home appliances A+ and granite countertops - Thermal insulation For more information don’t hesitate to contact us!