Exceptional Property for Renovation in the Heart of Vila Real de Santo António

€625,000

23 Rooms
14 Bedrooms
~474.8 m² Total surface
~160 m² Plot surface

Description

Discover this investment opportunity in the historic Pombaline of Vila Real de Santo António. This building, currently consisting of 2 floors, is situated in a prime location close to the city centre, offering significant potential for renovation and high returns. Property Features: - Location: Nestled in the Pombaline district, a renowned historic area near the centre of Vila Real de Santo António. - Current Layout: The building features 5 access doors and is divided into: 4 independent 3-bedroom apartments 1 independent 2-bedroom apartment Totaling 14 rooms and 5 bathrooms - Potential for Division: There is the possibility of dividing the property into 5 independent units, making it ideal for local accommodation or annual rentals. - Roof Terrace: The building includes a roof that can be transformed into a terrace, offering stunning views over the rooftops and extending to the River Guadiana and Spain. Investment Potential: This property is perfect for investors looking to capitalize on the growing demand for rental properties and local accommodation in Vila Real de Santo António. The potential to create multiple independent units makes this an attractive option for those seeking to maximize rental income. Don't miss out on this investment opportunity in one of the Algarve's most historic locations. Contact Engel & Völkers Faro-Tavira today to explore this property's full potential.

Features

PatioAttic

Engel & Völkers Faro-Tavira

+351 938 533 413

Your advisor: Elisa Ferreira

Property ID: W-02VIJK

Location: Vila Real de Santo António, Faro District

Explore the Charm of Vila Real de Santo António. In the historic town of Vila Real de Santo António, this privileged location offers an ideal blend of cultural richness and modern convenience. Wander through the town centre to explore traditional shops, original cafés, and restaurants that exude local charm. Just a few minutes away by car, you can enjoy the exceptional beaches of East Algarve, known for their stunning beauty and tranquillity. For those who appreciate a nautical atmosphere, a short 300-meter stroll along Avenida da República, the scenic riverside avenue, leads you to the Vila Real de Santo António marina. This area also features a ferry link to Spain, the Guadiana Naval Association, and several delightful riverside restaurants. Living in Vila Real de Santo António means having all essential amenities within easy reach. The town has supermarkets, a pharmacy, and a health centre, ensuring you have everything you need for a comfortable lifestyle. Vila Real de Santo António offers convenient transportation options, making it easy to stay connected. It has direct train and bus connections to Faro, as well as a bus service to Seville. By car, it's just a 45 min drive to Faro Airport and a 1h30 journey to Seville, Spain, allowing for easy access to both local and international destinations. Embrace the unique charm and convenience of Vila Real de Santo António. Whether you're looking to invest in property, enjoy a tranquil beachside lifestyle, or explore the rich cultural heritage of this historic town, Vila Real de Santo António offers the perfect setting. Contact us today to learn more about this exceptional location and find your dream home in the Algarve.