123 Buildings for Sale, in Distrito de Faro, near Public Transportation

Exceptional Building, in the heart of the capital of the Algarve, considered an exceptional location for both Investment in Services and Luxury Tourism project.
The building has a total area of 4,365.60 m2, divided into two blocks (A and B), which communicate with each other.
It offers outdoor parking and a basement garage.
Block A is spread over 5 floors, the last two of which are set back and have a sea view. It has two lifts and a freight lift.
The ground floor is intended for services, having already included partitions, bathrooms (male and female), reception and several rooms/auditoriums and archives.
The upper floors are intended for offices.
Block B has a basement and 4 floors for offices, with stairs and elevator.
The basements of both blocks communicate with each other and are intended for parking lots with capacity for 12 spaces, archives and various support services.
Separating the two Blocks on the ground floor, there is a patio for uncovered parking with capacity for 12 spaces.
On all floors of both blocks there are toilets (female and male).
Attractive investment opportunity, with income, in a central position, with high demand for commercial spaces and services, also presenting great potential for tourism purposes / Senior Residences / Multinationals Headquarters, etc.
In good condition, 2 minutes walking distance from Rua de Santo António and 5 minutes walk from Faro Marina.

Unmissable Investment Opportunity!

Imagine owning a piece of the stunning Baixa de Faro, located just steps away from the Marina and the historic Old Town. This is the beating heart of the city, and now you can be a part of it with this incredible set of 3 urban spaces totaling 156 sqm, including 2 courtyards and a spacious rooftop terrace.

This old property is strategically positioned to make the most of all the amenities Faro has to offer, from high-quality restaurants to iconic bars. Here, you’ll have the opportunity to create your own project in a truly unique location. With the location alone, your investment is already guaranteed!

Don’t let this opportunity slip away. Contact us today for more information and secure your place in this treasure of Baixa de Faro. Your future of success begins here!


The Baixa de Faro, located in the city of Faro, is the pulsating heart of the capital of the Algarve region in Portugal. This area is known for its historic charm and its central role in the cultural and economic life of the city. Here, visitors can explore picturesque alleys, charming squares, and historic buildings that reflect Faro’s rich and diverse heritage.

The Baixa de Faro is characterized by its traditional architecture, many of which date back to the 18th and 19th centuries. One of the most prominent attractions is the Faro Cathedral, also known as Sé de Faro, a magnificent building that combines Gothic, Renaissance, and Baroque elements. Visitors can climb the cathedral tower to enjoy a stunning panoramic view of the city and the coast.

Furthermore, the Baixa de Faro is famous for its lively nightlife, with a variety of restaurants, bars, and cafes offering local and international cuisine, as well as live music and entertainment. During the day, visitors can stroll through boutique shops, explore local markets, and enjoy the relaxed atmosphere of the squares.

The proximity of the Baixa de Faro to the marina and the harbor offers opportunities for water activities, boat trips, and bird watching in the stunning Ria Formosa, a beautiful natural reserve. It’s also from here that travelers can catch ferries to the islands of Ria Formosa, such as Culatra Island and Armona Island, known for their pristine beaches.

The Baixa de Faro is a vibrant region that harmoniously blends history, culture, gastronomy, and entertainment, making it a charming destination for visitors from around the world.

EASYGEST

Urban building in Vila Real de Santo António, located in an excellent area, next to the Guadiana river and just 300 meters from the city center and 500 meters from the beach. Vila Real de Santo António is a peaceful city where investment for the future is guaranteed, enjoys a privileged microclimate and location, 7 minutes from neighboring Spain and 10 minutes from the Algarve Mountains.

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AL54180

Set of buildings in the center of Olhão with the possibility of transformation into 14 new apartments.

The buildings are located in Rua de Olivença in Olhão, just 7 minutes from the Marina of Olhão and all the riverside area of the city.

An excellent investment opportunity for transformation into local accommodation or even residential.

Olhão is a city that has been growing a lot in its trade, services, and housing level, increasingly sought after by tourists wishing to know its historical past as well as its paradisiacal islands, being only 20 minutes from Faro Airport and 15 minutes from the city center of Faro.

Building to recover or for investment with 760 m2 of private gross area. Built before 1951, located in a prime area of downtown Faro, next to the Pé da Cruz Church, consisting of 2 floors, ground floor, first floor and backyard.

The 1st floor has independent use and is composed of several compartments and a terrace at ground level.

With excellent natural light, facing East/West.

Constructed in stone and lime masonry, roof of straw tile with a recent expansion in reinforced concrete that occupies the old backyard.

Due to its location, future owners will be able to enjoy a relaxed, urban lifestyle, favoring walking.

Nearby you can count on all the amenities such as a pharmacy, gardens for sports, shops, schools, supermarkets, public transport, banks, a citizen’s shop and all the necessary services.

It is part of the urban rehabilitation area of Faro (ARU) and therefore can benefit from various support from the City Council, as well as tax benefits.

A few minutes from the riverside area, marina and Ria Formosa, making walking tours quite desirable.

About 1.5 km from the Forum Algarve shopping centre.

About 4 Kms from Faro international airport, about 8 Kms from Faro beach and close to access to the main roads E.N. 125 and Via do Infante. 6kms from the beach, 15kms from the golf.

Opportunity to immediately schedule your visit.

Set of two fully renovated buildings, with works still underway, and included in the selling price, covering a total of 88 sqm (gross construction area), in the centre of Alvor, in the Algarve region. One of the buildings is for residential purposes, a 1-bedroom duplex, comprising a living room with American kitchen and a suite. The other building, still assigned for trade, has been converted into a suite.
By the end of the works, the building will be a 1+1-bedroom villa, spread over 2 floors, comprising an open plan living room with American kitchen, two suites, one of which on the ground floor which could easily be converted for trade, and a storage area. The work is expected to be completed in November 2023. Investment opportunity in the residential market.

Alvor is a tourist and fishing village by the sea, in the Algarve, the southernmost region of Portugal. The 16th century church rises above the historic centre, and the 3 Islamic altars (morabitos) evoke the area’s Moorish heritage. The cobbled streets lead to the estuary’s paved bank, which is flanked by seafood bars and restaurants. The wetlands of the Alvor estuary provide a habitat for resident and migratory birds.

Near shops, services and public transport, it is located right in front of Alvor municipal market. 12-minute driving distance from Colégio Santa Teresinha and Rocha beach, 5 minutes from the beaches of Amado and 3 Castelos. 20 minutes from Morgado Golf Course. 50 minutes from Faro Airport and 2 hours and 40 minutes from Lisbon.

Building with total ownership, for renovation and partially vacant, with 414 m2 of gross construction area, set on a 375 m2 plot, near the center, in Faro, Algarve. The building consists of three floors, with three independent apartments, each composed of ten rooms. It also features a garage, rooftop terrace, and a courtyard with 215 m2. Ideal for a single-family home or investment.

Faro is the capital of the Algarve region in southern Portugal. The city boasts an attractive marina, a pedestrian shopping street, parks and squares, and the old part of the city with outdoor cafes and pedestrian areas. In addition to its museums, beautiful churches, and chapels, Faro also has a vibrant nightlife.

Located in a quiet residential area, close to the municipal market and downtown Faro. It is a 7-minute walking distance from the high school, the courthouse, and the municipal market of Faro, where you can find the Citizen’s Shop, pharmacy, commerce, and services. It’s 10 minutes from Faro Hospital, 13 minutes from the city center and the main traditional shopping area (Santo António street), as well as major services, pharmacies, and restaurants/bars. It is also a 15-minute driving distance from Faro beach, 11 minutes from Faro International Airport, and 2h30 from Lisbon.

Building, 22,580 sqm (gross construction area), in Cabanas, Tavira, Algarve. The building has a fully functional restaurant, plus two apartments with a panoramic rooftop terrace and sea views. The restaurant, with a valid lease, is an attractive prospect for investors looking for a property with an established revenue flow. It has a fully equipped commercial kitchen. The restaurant’s considerable interior and outdoor areas offer ample space to accommodate customers. In addition to the restaurant, it includes two 2-bedroom apartments. Rooftop terrace.

Cabanas de Tavira is a fishing village close to the city of Tavira (about 6 kilometers to the east) and gives access to an island called Ilha de Cabanas. It is a quite small town, but it is visited for its well-known restaurants on the waterfront and for the pier from which boats leave for the island, where there is a wonderful beach.

Located 3 minutes walking distance from the embarkation pier for the Island, 5 minutes driving distance from Golden Club Cabanas beach, 10 minutes from the Center of Tavira and 15 minutes from Colégio Santiago Internacional. It is 35 minutes from Faro Airport, 2h from Seville and 2h30 from Lisbon Airport.

Building in band of 3 floors and with great location, right in the heart of the city next to the main services and commerce.

Its access is made through two parallel streets and the main entrance is made through one of the oldest streets of the city that connects the riverside area to the city center.

It was recently refurbished mostly, except T1 with patio inserted in the rez of the floor that is leased. It has a total area of 172m2 distributed as follows: Rez of the floor composed of the t1 leased, 1st floor with 2 bedrooms, bathroom, living room with kitchen, in open space, furnished and equipped, patio, laundry, stairs access to the floor rez that has store with bathroom whose entrance is made by the other street and studio with pre-installation of kitchenette, bathroom and terrace. On the 2nd floor there is another studio, also with pre-installation of kitchenette, bathroom and a large terrace.

It is close to Manuel Teixeira Gomes Square, a place well known as ’Casa Inglesa’ and the Portimão Riverside Zone, a long promenade on the banks of the River Arade that runs from the famous restaurants of roasted sardines to the Portimão Museum, next to the marina, where at once one of the great canning factories in the region operated.

In its surrounding area we can find a huge offer of infrastructure sits with cafes with pleasant terraces, restaurants, supermarket, pharmacies, banks, post office and other services.

It is just 2.5 km from the famous Praia da Rocha, one of the most beautiful beaches in the region and known for its natural beauty where you can enjoy a wide range of leisure activities, 6 km from the charming fishing village of Alvor, 4.6 km from the golf course and 67.7 km from the airport

EDI_49881

Building of two floors, located in downtown of the city, with good access, close to all trade and services.
Formerly, it functioned as an industry warehouse.
At the moment it is degraded, but there is always the possibility of recovering the existing one, or else, take advantage of the viability of construction, for a building with
four floors, distributed by the typologies T1 / T2 / T3 and box garages, with a building area of 1342 m2.
Excellent business opportunity

Set of three ruined buildings, totalling 487 sqm (gross construction area), in the historic centre of the city, next to the Teatro Lethes, in Faro, Algarve. Great investment opportunity due to the versatility of use that it allows, namely, construction of a building or reconstruction/rehabilitation of an existing building up to three floors with or without parking, for own use or as a small charming hotel with outdoor areas, or as a single-family villa(s).

Faro is the capital of the Algarve region in southern Portugal. The city has an attractive marina, pedestrian shopping street, parks and squares, and the old town with outdoor cafés and pedestrian areas. In addition to the museums and beautiful churches and chapels, Faro also has a vibrant nightlife.

Located in front of a public car park, a Health Unit - Ria Formosa and Teatro Lethes, 4-minute walking distance from Rua de Santo António (high street), where you can find shops, the main services, pharmacies, restaurants/bars, the Algarve Regional Museum, and the Court, 5 minutes from the marina, 6 minutes from the coach station and the railway station, and 13-minute driving distance from Faro Airport, and a two and a half-hour drive from Lisbon.

Vende-se Prédio urbano na Baixa e Centro Histórico de Faro

Projeto todo aprovado e pronto a levantar as licenças de construção.

Prédio urbano de frações autónomas (5), mas assenta num programa funcional exclusivo de habitação coletiva em condomínio.

Assim, propõe-se com a seguinte distribuição, para o piso do R/C:
Criação de 1 apartamento T1, 1 apartamento T2 e 1 apartamento T2+1 duplex (com aproveitamento do espaço anteriormente ocupado pela cozinha do 1º andar).

Quanto ao piso do 1º andar: - 1 apartamento T2 duplex (com aproveitamento do compartimento situado no torreão) e 1 apartamento T2+1.

Possui uma área Bruta de Construção de 707m2 - O imóvel poderá facilmente ser convertido em Apartamentos Turísticos, possibilitando assim a venda das frações para efeitos de Vistos Gold.

O imóvel encontra-se dentro de ARU (Área de Reabilitação Urbana), possibilitando todas as isenções e reduções fiscais e camarárias em vigor à data.

O Imóvel é classificado, possuindo, assim várias dispensas e isenções, assim como elevados benefícios fiscais.

A licença de Construção, pode ser emitida de imediato, e possibilitando assim o inicio das obras.

Devido à sua localização ’Premium’ este imóvel propicia aos seus futuros proprietários o usufruto de um estilo de vida citadino, descontraído, podendo privilegiar as deslocações pedonais, dispensando a viatura automóvel.

Nas proximidades estão ao dispor todo o tipo serviços e comércio, bem como infra-estruturas sociais, colectivas e desportivas, estando junto da baixa de Faro e da Marina, com acesso por barco às melhores praias da ’Ria Formosa’

Buy new 3 bedroom villa with swimming pool in Downtown Faro

Fantastic villas in the final phase of construction, right in the City Center and next to the downtown.

It is an old warehouse in which was only maintained the façade and built 3 townhouses with excellent terraces in ’Rooftop’, with private parking.

These properties are located in the middle of Downtown Faro, a 5-minute walk from the Marina, the historic area, the Municipal Market and all the shops and services in the city.

The villas have the following characteristics:

- Fraction 1: 180 m2 (Typology T3)
- Fraction 2: 172 m2 (Typology T3)
- Fraction 3: 207 m2 (Typology T3)

The elaborate design presents a modern architecture and design, with plenty of natural light and outdoor spaces for leisure very beautiful, having also been thought to maintain privacy.

If you are looking for your own home, close to everything and with all the privacy, comfort and differentiated / personalized of the rest, this is an excellent option and opportunity not to be missed.

Two storey building, patio, good location, Faro, Algarve

Urban building with two floors with large patio. With the possibility of building 4 floors, very well located, good for profitability. They have two door numbers, with the possibility to create parking inside. Located in the central area of the city of Faro, with a covered area of 201.50 in a plot of 200.17 m2, its sun exposure is east on the main facade and west on the back facade.

Due to its location, this property provides its future owners with the enjoyment of a relaxed, urban lifestyle, and may favor pedestrian movements, dispensing with a car.

The city of Faro, administrative capital of the Algarve region, with enviable cultural, educational and sporting spaces, beach and a stunning ’Ria Formosa’, among other features that alone make Faro an excellent city to live and work, where its density population is 318.70 inhabitants per km2 taking into account the 2011 censuses.

In the proximities all types of infrastructure are available, we can find; restaurants, schools, gardens, supermarkets, pharmacies, medical clinics, Hospital, Health Center, sports parks, public transport, Banks, Theaters, Museums, Police, National Republican Guard, Municipal Market and Citizen’s Store with all its features, the proximity to the Ria Formosa Natural Park and its Ribeirinho Tour with all its maintenance circuits.

Distance to points of interest - Faro Airport (8 km), Highway (8 km), Supermarket (200 Mts), Beach (9 km), Market (500 Mts), Pharmacy (100 Mts), Hospital (100 Mts), Bus (50 Mts) Mts), Golf (15 km), Restaurants (50 Mts), Shopping Center (1 km).

A luxurious new housing development composed of two 2-bedroom villas, and 1 bedroom villa with a total of 294 m2 building area and 180 m2 roof terraces with partial views of the sea and overlooking the city of Faro.

The development is still under construction and will be completed in mid-May 2023.

Located in a prime area of the city, next to one of the main avenues, the project has been designed to be harmoniously integrated into a new centrality of the city of Faro with large roof terraces.

The development consists of:

Traditional Algarvian main house fully renovated with the original details with 2 bedrooms with a 118 m2 living area and 100 m2 roof terrace.

2-bedroom villa on two floors with a123 m2 living area and 40 m2 roof terrace.

1 bedroom villa with a 53 m2 living area and 40 m2 roof terrace.

(It’s possible to divide the property into 3 separate units)


General features include:

3 new villas with contemporary finishes
Plot area 370 m2
Living area 294 m2
Common use patio 130 m2 with Calçada Portuguesa
Large roof terraces with a total of 180 m2
Total Gross Private area 604 m2
Original facade from 1934 with double wooden glazing
Large polished concrete flooring throughout
Solar hot water heating
Reversible air conditioning
Aluminum frames with double glazing and thermal cut
White lacquered wardrobes
Wooden doors and ceilings
3.70 m high ceilings
Open space kitchen/living room
Wooden fully equipped kitchen with home appliances A+ and granite countertops
Thermal insulation
Energy efficiency rating A
Smooth-painted walls and ceilings
Partial view of the sea and city
Central location with 12 min driving from the airport, 300 meters walking to schools, 8 min walking to the hospital, 10 minutes walking downtown and the historic center, 12 min drive to the beaches and islands, and very close to the Forum Algarve.


Faro is a historic and charming city with stunning beaches, rich culture, and a vibrant atmosphere. Faro is a destination worth knowing with an international airport, university, and hospital, which brings a young atmosphere. Whether you want to explore its history, or relax on the beaches and islands, or enjoy the gastronomic restaurants or venture into the stunning nature of the Algarve Faro is the place to be. It is also famous for the Ria Formosa Natural Park and the rock formations of Benagil.

Building consisting of shop and 2 apartments, Faro, Algarve

Urban building with three floors, intended for commerce on the ground floor, housing on the first and second floor, comprising a kitchen, a bathroom, two bedrooms, living room, pantry, all in good condition, two balconies, a on the front facade and another on the back, terrace common to the fractions, the second floor is rented, the ground floor can be replaced with commerce for housing, T-2, there is the possibility of expanding the building with another floor, T -two.

Its location in the central area of Faro, fifty meters from the University, in one of the most popular neighborhoods in Faro, Penha, its sun exposure from sunrise to sunset, its contemporary façade, representative of the era in which was built, facing south, Energy Certification ’D’.

Due to its location, this apartment allows its future owners to enjoy a relaxed, city lifestyle, allowing them to favor walking and cycling, eliminating the need for a car.

All types of infrastructure are available nearby, we can find them; University - ’Campus da Penha’, restaurants, schools, gardens, supermarkets, pharmacies, medical clinics, Hospital, Health Center, sports parks, public transport, Banks, Theaters, Museums, Police, Republican National Guard, Municipal Market and Government Store Citizen with all its features, Ria Formosa Natural Park and its Riverside Walk with all its maintenance circuits.

Close accessibility, from river transport to the barrier islands - Farol, Deserta and Culatra - from our wonderful Ria Formosa and Praia de Faro, rail and road transport.
Faro Airport - 7Km
Motorway - 7Km
Beaches and Golf - 9Km
Forum Algarve Shopping Center - 1 Km

Urban building built before 1951, intended for housing, consisting of three floors, comprising on the ground floor a floored division, a kitchen, three bathrooms and patio in awning, this floor functioned as a restaurant, the first floor is composed of a floored division, two bathrooms and a pantry, it functioned as a bar, the second floor consists of a division, a bathroom and a terrace, it functioned as an office, a marquee with a covered area of 47.79 m2, with an implantation area of 163.290m2 and a total construction area of 397.530m2, the property facing two streets, with two independent entrances.

Its location in the central and historic area of Faro, in case you want to carry out works there is a project for housing, a house with three floors, garage and patio, this building is part of an ARU - Urban Rehabilitation Area, with interest-bearing funds available low and with great tax incentives, both in VAT, IMT, IMI and municipal licenses, its sun exposure with sun from sunrise to sunset, its beautiful facade from the time it was built, facing south.

Due to its location, this house provides its future owners with the enjoyment of a relaxed, urban lifestyle, which can favor pedestrian and bicycle travel, dispensing with a car.

In the proximities all types of infrastructure are available, we can find; restaurants, schools, gardens, supermarkets, pharmacies, medical clinics, Hospital, Health Center, sports parks, public transport, Banks, Theaters, Museums, Police, National Republican Guard, Municipal Market and Citizen’s Store with all its features, the its proximity to the Ria Formosa Natural Park and its Ribeirinho Tour with all its maintenance circuits.

Close accessibility, by river transport to the barrier islands - Farol, Deserta and Culatra - from our wonderful Ria Formosa and Praia de Faro, rail and road transport.

Faro Airport - 7Km
Highway - 7Km
Beaches and Golf 9Km
Forum Algarve Shopping Center - 1K
#ref:EDI_49276

A sublime investment opportunity, located in the heart of Vila Real de Santo António.

This Property located in the historic center on one of the main arteries of the city of Vila Real de Santo António, consists of 5 fractions. The building has two T3 apartments and three T4 apartments.

This is an excellent investment opportunity due to its great construction potential, offering the possibility of building a building of up to 4 floors or promoting a total renovation with a view to providing local accommodation or other.

Was this the investment you were looking for? Schedule your visit now and see the full potential of this building.

At Nest Partners we can do a lot for you, don’t hesitate to contact us!

High standard beach resort, exclusively designed and tailored for discerning customers looking for personalized experiences.

Acclaimed for its year-round Mediterranean climate, the Algarve is one of Europe’s best beach destinations and a world-renowned golf retreat.

With residents from all over Europe, and activities 365 days a year, it is also one of the main regions of Portugal in terms of economic growth.

This ocean-view resort is located in Carvoeiro, in a charming coastal village, enjoying unique views and numerous activities.

A few minutes from the beach, exquisite restaurants, beautiful golf courses and conveniently close to Faro International Airport.

The development consists of 74 high standard apartments with stunning views, from one to three bedrooms, all with private terrace and made available for rent through its own reservation center.

All apartments feature floor-to-ceiling windows, fully combining the bright indoor spaces with the outdoor terraces.

Furniture and materials of global inspiration, attention to detail at every step, providing elegance, comfort and functionality.

Carefully thought out, the resort has customized finishes, using natural and sustainable materials. The true long-term value lies in broad creative design and simple materials.

Development closed with 24-hour reception;
Transportation from the resort to the beach (high season);
Swimming pools, landscaped gardens and roofs;
Restaurant and Bar;
Gymnasium;
Underground parking and storage;
Rental Service;
Maintenance and repairs;
Other services on request;

Come and see this paradise!

Building for sale with 10 fractions - Center of Quarteira.

This building consists of 5 floors with the fractions distributed as follows:

- Basement for storage;
- Ground floor with two stores;
- 1st floor with two T1 and one T2;
- 2nd floor with three T1;
- 3rd and last floor with a T2 with excellent terraces.

Investment to be monetized through seasonal or annual lease.
Take this opportunity and book your visit with BUYME Property now!

note:
1. For any information about this property, please always refer to the reference 090258.
2. When scheduling and making a visit, be accompanied by your identification document.

Set of buildings in the center of Olhão with the possibility of transformation into 14 new apartments.

The buildings are located in Rua de Olivença in Olhão, just 7 minutes from the Marina of Olhão and all the riverside area of the city.

An excellent investment opportunity for transformation into local accommodation or even residential.

Olhão is a city that has been growing a lot in its trade, services, and housing level, increasingly sought after by tourists wishing to know its historical past as well as its paradisiacal islands, being only 20 minutes from Faro Airport and 15 minutes from the city center of Faro.

Vacant building, for sale, for recovering in downtown Faro near Rua Stº António. Building with an area 316 square meters, with a total of 23 divisions including a warehouse, with a construction area of 540 square meters with the feasibility construction of apartment block with 3 floors one of them indented, for housing, commerce / services, precarious location in a prime area of the city, next to all type of commerce and services.
Nearby you will find supermarkets, restaurants, banks, hospital, pharmacy, schools, municipal swimming pools, leisure areas and sports venues, ideal for the well-being of your day to day, as well as access to Via do Infante, the A2 and all the facilities that complete the comfort and location of this land in the city center of Faro.
If you want to build a development of your dreams in a quiet area near the main services, restaurants, bars, nightclubs etc.... have here excellent opportunity.....
Make an already set up your visit.

Centennial building located in one of the most emblematic and qualified areas of the city Faro, in an environment with a strong location of commerce and services.
Consisting of 2 floors, and with a large gross construction area.
On the ground floor, a business is operational, with a structured portfolio of clients over 50 years old, sold with the property, with all the patrimonial assets.
The 1st floor includes several rooms, backyard and patios, able to develop a local accommodation business.
Don’t miss this excellent investment opportunity to acquire an iconic building for its centennial architectural design, hipped roofs, balconies and old tiles.
Info-Photos of the recovery project with restoration and accommodation.

Opportunity for a villa, located in the nice town of Loulé, in great condition!

With a construction area of 224 m2, it consists on the ground floor of two bedrooms, living room, kitchen, bathroom and pantry. It also has two more annexes in the patio.

On the second floor there are two more bedrooms, living room, kitchen, bathroom, pantry and a balcony.

Its large roof terrace enjoys a pleasant view over the city and countryside, and it also has another bedroom, living room, kitchen and a bathroom.

Close to all city facilities, this is an excellent business opportunity!

Building to be restored in the riverside area of the city of Portimão.
It consists of two floors and was used for housing and services.
Total property, 308 m2, with floors or rooms with the possibility of having an independent use.

RESIDENTIAL FRACTION:
With independent entrance, it has a gross area of 158 m² and consists of:
* Ground floor - generous entrance hall with access to lounge/cellar with a bar, large office and backyard;
* 1st floor - 4 bedrooms, kitchen, pantry, storage and 2 bathrooms.

GARAGE and storage room with independent entrance.

AREA DESTINED FOR SERVICES:
Former doctor’s office, with an equally independent entrance, consists of an entrance hall on the ground floor and, on the 1st floor, has 3 offices/bedrooms, a waiting room, 1 bathroom and 1 sunroom.

Given the area it has and its specific location, it is an ideal property to monetize, both in terms of hotels and residence for students, as it is very close to the Portimão Campus of the University of Algarve (it functions as an extension of the Superior School of Management, Hospitality and Tourism (ESGHT) where Management and Tourism courses are taught).

However, because it is located in a historic and urban rehabilitation area (ARU), the interventions to which it is subject will be able to benefit from a significant set of support and tax benefits, which constitutes an added value for any investor.
This situation will always have to be subject to prior consultation with the respective services of the Portimão municipality.

ARU - Urban Rehabilitation Areas - What they are:

«Urban rehabilitation area means the territorially delimited area which, due to the insufficiency, degradation or obsolescence of buildings, infrastructures, equipment for collective use and urban and green spaces for collective use - particularly with regard to to its conditions of use, solidity, safety, aesthetics or healthiness - justify an integrated intervention, through an urban rehabilitation operation approved in a specific instrument or in a detailed urban rehabilitation plan...»

TAX BENEFITS:

a) Exemption from municipal tax on properties for a period of three years, counting from the year inclusive of the completion of rehabilitation works, which may be renewed, at the owner’s request, for another five years in the case of properties allocated for lease for permanent housing or own permanent housing;
b) Exemption from municipal tax on the onerous transfer of properties in the acquisition of properties intended for rehabilitation interventions, provided that the purchaser begins the respective works within a maximum period of three years from the date of acquisition;
c) Exemption from municipal tax on the onerous transfers of properties in the first transfer, subsequent to the rehabilitation intervention, of a property to be rented for permanent housing or, when located in an urban rehabilitation area, also for permanent housing;