4 Houses 6 or more Bedrooms in Olhão, Reduced price: 5 %, in 365 days

A unique investment opportunity in the heart of Olhão’s historic centre. A building with a collection of 5 townhouses (with Alojamento Local License) offering a range of living spaces catering to the needs of individuals, couples, and families.

The building consists of two 2 bedroom (T2) units, two 1 bedroom (T1) units and one studio unit (T0), all with private rooftop terraces, where each unit boasts its own pool or jacuzzi, with the exception of the studio unit.

Each unit is accessed via a common courtyard, with two units also having direct street access, and each are styled with its own distinctive theme and unique decoration.

Less than 350m (4 minute walk) to the Seafront/ Markets and 700m from New Marina Development.

Currently the property is used for short-term rentals which generated a combined gross revenue of more than €160,000 (2022).

# 1 - ’L’Élégante’ - 2 Floors / 2 Bedroom (En-Suite) / Kitchen / Living Room / Guest Bathroom / Spacious Roof Terrace with Pool / Street Access

# 2 - ’L’Estivale’ - 2 Floors / 2 Bedroom (En-Suite) / Kitchen / Living Room / Guest Bathroom / Spacious Roof Terrace with Jacuzzi & Pool / Street Access

# 3 - ’L’Industrielle’ - Studio Duplex with Small Private Roof Terrace

# 4 - ’L’Orientale’ - 2 Floors / 1 Bedroom / 1 Bathroom / Open Plan Kitchen & Living Room / Outdoor Terrace / Spacious Roof Terrace with Jacuzzi & Pool

# 5 - ’La Coloniale’ - 2 Floors / 1 Bedroom / 1 Bathroom / Open Plan Kitchen & Living Room / Outdoor Terrace / Spacious Roof Terrace with Pool

Each unit comes fully furnished, decorated, and equipped with shutters, double glazing, and air conditioning.

This property offers a unique, flexible and highly lucrative investment opportunity thanks to the combination of a prime location, a variety of unit options, and attractive amenities.

There is the possibility to use 1 unit as a holiday retreat or permanent residence (and rent when not in use), or, rent all apartments to generate a strong income-generating and yield producing investment.

Olhão, a historic fishing and canning town, is the perfect blend of authenticity, culture and tourism that is no where else to be found in the Algarve. Surrounded by the beautiful natural landscape and wildlife of the Ria Formosa Nature Reserve, it is best known for it’s cubist architecture, beautiful facades, narrow streets, fresh produce markets and collection of islands that offer protection from the sea.
Only a 15 minute drive from Faro Airport, Olhão is increasingly becoming a destination for tourists and ex-pats who are seeking a more vibrant and authentic Algarve experience. An extraordinary place to live and visit thanks to a pleasant fusion of locals and foreigners making the most of everything Olhão has to offer.

Accessible from 2 streets in the most desirable and sought after area (historic centre) of Olhão, this unique, charming and tastefully designed property has been divided into 4 individual (T1 and T2 Duplex) apartments including a private garage, laundry room and office/ storage room.

All apartments have independent access and are bright, fully furnished and equipped with air conditioning.

Less than 300m (3 minute walk) to the Seafront/ Markets and 800m from New Marina Development.

Currently the property is used for short-term rentals which generated a combined gross revenue of more than €130,000 (2022).

Ground Floor -
- Apartment 1 ’Estrella’ - 1 Bedroom (En-Suite) / Open Plan Kitchen & Living Room / Outdoor Patio

- Apartment 2 ’Igreja’ - 2 Bedroom (shared En-Suite) / Open Plan Kitchen & Living Room

1st Floor -
- Apartment 3 (Duplex) ’Magellan’ - 2 Bedroom / Shared Bathroom / Living Room / Kitchen / Spacious Outdoor Roof Terrace with Jacuzzi

- Apartment 4 (Duplex) ’Picasso’ - 2 Bedroom / Shared Bathroom / Open Plan Kitchen & Living Room / Outdoor Terrace / Spacious Roof Terrace with Jacuzzi

This property offers a unique, flexible and highly lucrative investment opportunity. There is the possibility to use the entire ground floor as one large, combined apartment for use as a holiday retreat or permanent residence (and rent when not in use), renting only the 1st Floor apartments, or, rent all apartments to generate a strong income-generating and yield producing investment.

Olhão, a historic fishing and canning town, is the perfect blend of authenticity, culture and tourism that is no where else to be found in the Algarve. Surrounded by the beautiful natural landscape and wildlife of the Ria Formosa Nature Reserve, it is best known for it’s cubist architecture, beautiful facades, narrow streets, fresh produce markets and collection of islands that offer protection from the sea.
Only a 15 minute drive from Faro Airport, Olhão is increasingly becoming a destination for tourists and ex-pats who are seeking a more vibrant and authentic Algarve experience. An extraordinary place to live and visit thanks to a pleasant fusion of locals and foreigners making the most of everything Olhão has to offer.

This development consists of 5 houses in the historic center of Olhão, very well located near all amenities.

The central location close to all amenities is a major positive point, as many people value the convenience of having shops, restaurants, and services nearby, as well as the boarding dock for the islands of Ria Formosa.

The variety of apartments, ranging from T0 to T2, is excellent as it can attract different types of tenants or buyers, from couples to larger families.

Comprising 5 Houses, each with its own theme and decoration, including Oriental, Industrial, Summer, Colonial, and finally Elegant.

All houses have direct access through a common patio, with two of them being T2, two T1, and one T0 in typology.

All houses are sold furnished, decorated, and fully equipped, featuring electric blinds, double glazing, air conditioning in all rooms, solar panels, and even a private rooftop pool or jacuzzi in each one.

All houses benefit from plenty of natural light, making it a very welcoming space where guests feel particularly comfortable.

The spacious terraces with leisure areas, barbecue, and even a jacuzzi or pool are certainly an interesting differentiator.

These outdoor spaces provide relaxation and entertainment opportunities for residents, potentially increasing the appeal of these small houses in the city center.

The mention that these houses are ready for profitability is a strong selling point for potential investors, suggesting the possibility of immediate financial returns through renting or resale.

Overall, this appears to be a great real estate investment opportunity, especially due to the privileged location, variety of apartments, and attractive features they offer.

Don’t miss this opportunity, schedule a viewing and come see this magnificent property.

Distance from Faro Airport: 15 Km.

Annual income of 8% gross.
#ref: 105627

Old house with floor and false ceilings in wood with air box. Gross area of the house 258 m2, total land area 1,200 m2, It has hole and tank for watering farm. It also has garage, pantry and 2 annexes in the roof with a view of the mountains (cerro de S. Miguel) and partial view of the Ria formosa at the lookout point. It has direct access from the outside to the interior of the backyard - corridor with capacity for 5 cars and garage for 2 cars. The villa has 4 bedrooms, office, living room, hall, entrance hall, distribution hall, sunroom, kitchen, bathroom and toilet, over-elevated backyard with pantry and farm. Outdoor toilet. All in need of deep recovery works. Or you can build 1 block of apartments or 1+1+1 blocks of apartments, acquiring the ruin next to the land to the west + the 2 houses next to the house to the west and the house of gaveto and negotiating exchange (already talked) with a neighbor (only resident in the vicinity). Then the price will be around the nine hundred thousand euros and will give to build 3 buildings of 5 floors, retreated 15 meters to the axis of the road EN 125 and 3 m in R Ant. H. Cabrita, containing 7 stores + 12 T2 + 8 T3 + 4 T4