6 Properties for Sale, Commercial Property in Faro

This fantastic business opportunity consists of a residential building under renovation and the company associated with it.
It is located in the friendly and charming old town of Faro.

The Residential consists of 30 suite rooms.

The building is undergoing renovation, with an expected completion date of January 2025.
However, the renovation works will only be for the bedroom floors, and the ground floor will not be renovated. This responsibility will be borne by the buyer.



Distances:
- Airport: 6.9km
- Algarve Forum: 2.9km
- Hospital: 950m
- Train Station: 900m
- Faro Dock: 650m

Sale of a company that has a single asset described below:

Building located in the center of Faro.

This building has a license to operate a Pension/Residential.

It consists of 4 floors and is distributed as follows:

-Ground floor - Ample space to develop support rooms for the Pension’s activities, or commercial stores, this space has not been restored.
-1st floor - 10 en-suite rooms, all restored.
-2nd floor - 10 en-suite rooms, all restored.
-3rd floor - 10 en-suite rooms, all restored.

Book your visit with BUYME Property now.

Note.
1. For any information about this property, please always mention reference 240200
2. When scheduling a visit and making a visit, bring your identification document with you.

This beautiful old building enjoys a stunning location in the centre of Faro.
Consisting of 4 floors, 30 suites, ground floor it is possible to make more rooms, or shops.
The building is being completely remodelled, and the work is expected to end in early 2025.
The property is conveniently located with all the amenities you may need at your doorstep. In a few steps you will easily reach cafes, terraces, restaurants, market and local supermarkets.
A great place to reside and live in an authentic environment of a beautiful Portuguese city.
Good investment opportunity.

Hotel with 60 rooms in the centre of Faro, delivered with work completed.

Investment opportunity in Faro, Algarve. The property is located in the city centre, close to several shops, restaurants and other commercial spaces.

The building is in an advanced stage of renovation, with completion scheduled for the second half of 2025. With a gross area of 908m2, it has 30 suites spread over floors 2, 3 and 4. On floor 0 there will be a commercial area with 227 m². The owner sells the entire capital of the company that owns the property.

The information provided, although accurate, does not dispense with its confirmation nor can it be considered binding.

For more information, please do not hesitate to contact us.

Make a visit without obligation.

We are credit intermediaries. Also consult us for the best financing solution. License No. 1963.

Project approved by the municipality of Faro, for the construction of a hotel with 146 rooms, an aparthotel with 83 apartments and a 9-hole golf course, just 10 minutes from the historic center of Faro, the beach and the international airport, in the district capital.

The lot size is around 146,915 m 2, including the implementation of a Hotel with 8,327 m 2.
The Apart-Hotel will have 83 Apartments and 146 Hotel Rooms.

The value of the fee for issuing the building permit is around €170,000. As for the concessions to be made to the Municipality of Faro, the amount is 665,000

Project description
The project presented proposes changing the interiors of the rooms, reconfiguring their
space so that we can have more accommodation units, however, this change does not change anything
the maximum value foreseen in the PDM - 160 beds distributed among the 83 accommodation units. These 83 AU,
they consist of 77 T1 doubles, and 6 T1 singles, 2 of which are adapted for users with mobility
conditioned.
Floor -3 remains the same, and will feature common areas with parking spaces, 5
reserved for disabled mobility users (UMC), reception of conference rooms, meeting rooms
conference, gender-separated sanitary facilities in support of conference rooms and service areas
which contains technical areas, bicycle storage, garbage deposit, laundry room, storage and kitchen to support the
conference rooms.
On floor -2, the common areas remain unchanged, and we will have the entrance hall, reception,
bar, gourmet restaurant, main restaurant with open kitchen, Asian restaurant with kitchen
open and bar, sanitary facilities divided by gender, one of which is adapted for
disabled guests, living room, library, internet, café, shop, venue, ticket office,
bar, another block of sanitary facilities, one of which is adapted for mobility users
conditioning, dance floor with bar. The accommodation units underwent a change of 7UA (5 T1 double
and 2 T2 Doubles), for 9UA (9 T1 Doubles). As service areas, we have a kitchen to support the restaurants.
(pantries, pantries, storerooms, preparation areas), floor pantry, security, garbage deposit,
staff canteen, sanitary facilities/ showers/ changing rooms for male and female staff, areas
Anabela Polido Macieira | KEY Zen Arquitetura, Lda | + (phone hidden) | + (phone hidden) | (email hidden)
technical areas, archives, collections, layoffs, technical areas, support for the venue and nightclub
(sanitary facilities, staff room, kitchen, rehearsal room, backstage, wine cellar).
On the -1 floor, as common areas, there are 2 shops, a hairdresser, a SPA with a reception, facilities
toilets for both sexes, caldarium, relaxation room, therapy room, steam rooms,
hammam, semi-covered swimming pool, jacuzzi, dead sea, bar, hydromassages, saunas, I.S. UMC, rooms
Asian massages, indoor children’s pool, indoor golf room, games room, gymnasiums with
massage and sanitary facilities/bathrooms (M/F/UMC), children’s area, upper floor of the
show, sanitary installations to support the outdoor swimming pool, buggies storage area, I.S./
Changing rooms/changing rooms M/F/UMC. In the service areas we have sanitary facilities to support the service (M/
F), lay-offs, towel service, kitchen to support the semi-covered pool bar, ticket waiver,
archive, laundry area, 1st aid area, storage, technical areas, golf store storage,
collection of tools and floor pantry. The accommodation units underwent a change of 15 AU
(13 double T1 and 2 double T2), for 18 AU (1 single T1 and 17 double T1).
On the 0th floor, as common areas, we will have the entrance hall, reception, sanitary installation (M/F/UMC), and the
accommodation units that increased from 27 AU (20 T1 doubles, of which 3 are adapted to UMC, 6 T2
double + single and 1 T3 2 double + single) for 33 AU (4 T1 singles, of which 2 are adapted to UMC, and 29
double T1).
The 1st floor is intended, as common areas, for a restaurant-terrace, bar, service areas
it contains the kitchen, pantries, storage, pantry and furniture storage. The units of
accommodation went from 18 AU (13 double T1 of which 3 are adapted to UMC, 2 double T2, 2 double T2 +
single and 1 T3 2 double + single), for 23 AU (1 T1 single and 22 T1 double).
All architectural changes presented comply with the decree of law 163/2006, of 8 August.

Hotel rating and capacity
With regard to the capacity of the hotel, it was intended not to exceed that regulated in Article 22 - E,
provisions of the Regulation of the Municipal Master Plan of Faro, with the current wording, as well as the
previous proposal, with a maximum capacity of 160 beds (respected and maintained, as in the project
above), and 152 convertibles, distributed over 8

Situated in Estoi, a small village near Faro, this business is within walking distance to all amenities and only 15 minutes from Faro Airport, beaches and golf courses.

The property consists of a 45 seat Restaurant on the ground floor with bar, fully equipped kitchen, bathrooms and currently serves Portuguese cuisine. On the first floor there is a 2-bedroom apartment with a kitchenette, bathroom, living/dining room and a terrace. On the second floor there is a studio apartment with a spacious loft and terrace were you can appreciate a fantastic view of the sea and Estoi XVII Century Palace.

If you are looking for a business opportunity with rental income then this is the perfect choice for you.

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