Sell: Building

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Property details

• District
  Faro (Algarve)
• County
  Faro
• Locality
  Faro

• Area
  908 m²
• Plot area
  245 m²
  

• Price
  2.980.000 €
• Energy Rating
  ND

• Property code
  BRV-929

Description

Hotel/Pension in the final stages of renovation, located in the historic area of Faro, between Largo do Carmo and the Municipal Market. The building is distributed in a basement, ground floor, three floors and backyard, with solar orientation to the south.

Composed of about 30 rooms, including units on the upper floor with unobstructed views. The basement includes commercial spaces with the possibility of conversion into bedrooms or other facilities to support the project.

Highlights:
Approximately 30 rooms spread over several floors
Basement with shops and potential for adaptation
Rooftop terrace with a view
Renovated building, with finishes in the final phase
Backyard with outdoor support area
Central location with good accessibility
Ideal project for tourist or residential exploration

Outdoor environment:
Terrace with sun exposure to the south
Backyard with functional space
Facade facing a busy commercial area

Strategic location:
In the heart of downtown Faro
Close to shops, pharmacies, restaurants and transport
Just minutes from the airport and hospital

Energy certification: ongoing.
Year of construction: 1961.
Parking: common in the surrounding area.

Ready to finalize and adapt to the right concept a versatile asset in a valued location in Faro.