Versatile Industrial-Style Project in the Heart of Faro

€495,000

10 Rooms
8 Bedrooms
8 Bathrooms
~315 m² Total surface
~315 m² Plot surface
~20 m² Terrace surface

Description

Unique investment in central Faro: 315 m² warehouse with approved PIP to create two 2+1-bedroom houses and two independent studio apartments. Explore a rare property investment opportunity in Faro, perfectly located in the city’s vibrant centre. This 315 m² warehouse comes with an approved Preliminary Information Request (PIP), offering the possibility to develop up to four stylish residential units with industrial character and modern comfort. Flexible project with excellent rental potential: -Approved layout for two 2+1-bedroom houses and two independent studios -Units can be combined or kept separate, offering great versatility -Ideal for holiday rentals, multi-generational living, or long-term income Proposed layout for the T2+1 townhouses: Ground floor: -Private garage -Outdoor patio -Open-plan living and kitchen area -Guest WC -Laundry room -Private swimming pool First floor: -Two en-suite bedrooms Attic level: -Adaptable space for third bedroom, home office or leisure area Independent studio apartments: -Separate entrance -Bright and flexible layout -Possibility to add a sleeping area in the attic -High potential for short-term rental income Exceptional location in the heart of Faro: -Walking distance to cafés, restaurants, shops, and local amenities -Close to train station and ferry terminal for beach access via the Ria Formosa -Located in a high-demand neighbourhood with strong capital appreciation A smart choice for discerning investors This property stands out for its strategic location in the Algarve, development potential, and occupancy flexibility. Whether you’re looking for a personal project, a high-yield investment, or a modern urban residence, this opportunity combines style, location, and value. Contact the Engel & Völkers Faro-Tavira team for more information or to arrange a visit. Let us help you turn this exciting project into your next real estate success. *** Price DOES NOT INCLUDE the renovation cost.***

Features

GaragePatioSwimming poolTerraceAttic

Engel & Völkers Faro-Tavira

+351 938 533 413

Your advisor: Orsolya Mercz

Property ID: W-02ZLR4

Location: Faro, Faro District

Welcome to Faro! This property is just steps away from the historic center and all the essential amenities. From traditional Algarve restaurants offering local culinary delights to bustling cafés where you can enjoy your favorite drink, the area also features shopping centers with a variety of stores and cinemas showcasing the latest international releases. Exceptional Connectivity and Accessibility The property is just a short walk from Faro’s train and bus stations, ensuring seamless local and regional travel. Additionally, Faro International Airport is only 10 minutes away by car, providing easy access for frequent travelers. From Faro, you can explore the stunning barrier islands of the Ria Formosa, accessible by car or ferry. These include Faro Island, Deserta Island, Farol Island, and Culatra Island, each offering pristine beaches and natural beauty. The city also offers quick and convenient access to the A22 motorway (Via do Infante), connecting you to the Algarve’s main attractions and beyond. Educational and Healthcare Facilities Faro is home to the prestigious University of the Algarve, with its Gambelas and Penha campuses attracting international students and researchers. The city also boasts a wide range of healthcare options, including public and private hospitals, clinics, laboratories, and a health center. Healthy Lifestyle Opportunities Faro offers numerous sports facilities that encourage physical activity and support a healthy lifestyle, making it an ideal location for families, professionals, and retirees. This villa’s prime location in Faro offers the perfect blend of urban convenience, natural beauty, and modern infrastructure, making it an excellent choice for your next real estate investment or dream home in the Algarve.