House with Investment Potential in the Centre of Tavira

€995,000

8 Rooms
3 Bedrooms
2 Bathrooms
~354 m² Total surface

Description

We present this exclusive property for sale in Tavira, located in the centre of Tavira, in the heart of the Eastern Algarve. Discover this exclusive property for sale in central Tavira, a rare opportunity in one of the most charming and sought-after towns in the Eastern Algarve. Located in the historic city centre, this traditional Algarve house is composed of two independent units, offering exceptional versatility for residential, commercial or mixed-use purposes. Key Features & Investment Potential: - Prime location in Tavira's historic centre, in the heart of the Eastern Algarve - Composed of two autonomous units (Units A and B) with independent entrances - Three-storey building with restored traditional façade - Excellent sun exposure and dual street access - Retains original architectural elements with strong local character - Ideal for investors, entrepreneurs, or those seeking a home with income potential Unit A – Commercial Space with Outdoor Terrace: - Perfect for establishing a business in a high-visibility, tourist-friendly location, this ground-floor unit offers excellent potential for a café, wine bar, art gallery, or boutique. - Entire unit located on the ground floor - Dining area with seating capacity for approx. 30 guests - Large, fully equipped kitchen area – suitable for food & beverage service - Separate toilet facilities for customers and staff - Functional support and technical area - Private terrace ideal for outdoor seating or a relaxed lounge area Unit B – Three-Bedroom House with Private Terraces: - This residential unit is ideal for permanent living, holiday rental (AL licence), or urban tourism projects. - Total area distributed across three floors - Three spacious bedrooms, including one en-suite - Bright living room with direct access to upper terrace - Generous entrance hall and open-plan kitchen with dining space - Two full bathrooms and additional storage space - Private balconies and multiple terraces with outdoor living potential Exceptional Central Tavira Location: - Just a short walk to the Roman Bridge, Gilão River, and waterfront promenade - Surrounded by traditional cafés, local shops, markets, and restaurants - 10 minutes from Tavira Island, Barril Beach and Terra Estreita Beach - Close to the Ria Formosa Natural Park – ideal for birdwatching and hiking - Excellent access to schools, health clinics, public transport, and amenities Ideal For: - Real estate investors seeking a high-demand location with flexible use - Buyers wanting to live in the historic centre with modern comfort - Tourism projects such as boutique guesthouses, short-term rentals, or creative businesses - Those who want to live and generate income from the same property A Rare Opportunity in the Algarve This is a unique chance to acquire a historic yet versatile property in the heart of Tavira, a town increasingly valued for its authenticity, coastal charm, and high quality of life. Engel & Völkers Faro-Tavira is proud to present this listing. Contact us today to request more information or schedule a private viewing. We are here to help you make your next Algarve real estate investment a success.

Features

PatioSea/Lake viewTerrace

Engel & Völkers Faro-Tavira

+351 938 533 413

Your advisor: João Agualusa

Property ID: W-0461W5

Location: Tavira, Faro District

Located in the historic centre of Tavira, one of the Algarve’s most authentic and picturesque towns, this property presents an exceptional opportunity for renovation and investment. Whether for residential, commercial, or mixed-use purposes, its premium location makes it highly desirable for developers and investors looking to add value in a sought-after setting. Outstanding Central Location in Tavira: - Located on a charming pedestrian street, just steps from the iconic Roman Bridge and the Gilão River - Surrounded by high footfall areas with strong appeal for businesses in retail, hospitality, or cultural spaces - Set within an area rich in local heritage, with traditional cafés, shops, and cultural landmarks - Close to essential services including pharmacies, banks, private clinics, schools, and government offices High Tourism Potential & Coastal Proximity: - Central position near the riverside promenade and ferry terminal to Tavira Island - Located in one of the most visited areas by both national and international tourists - Less than 15 minutes from renowned beaches of the Eastern Algarve, including: - Praia do Barril - Terra Estreita - Cabanas de Tavira - Exceptional potential for short-term rental income or tourist-oriented businesses Excellent Leisure and Transport Access: - Near top-rated golf courses such as: - Benamor Golf - Quinta da Ria - Monte Rei Golf & Country Club - Easy access to the A22 motorway (Via do Infante) for convenient travel across the Algarve - Only 30 minutes from Faro International Airport, ensuring strong connectivity for owners and guests Unique Investment Opportunity in Central Tavira This is a rare chance to invest in a property with enormous potential in one of the Algarve’s most charming urban centres. With its authentic character, strategic location, and growing demand, Tavira offers strong prospects for capital appreciation and tourism-related returns. Whether you are a developer, business owner, or private investor, this property provides a solid foundation for a bespoke renovation project in one of the Algarve’s most dynamic real estate markets. Contact Engel & Völkers Faro-Tavira Let us help you unlock the potential of this exclusive Tavira property. Contact our local team to request further details or arrange a private viewing.