We present a unique opportunity in the heart of the historic center of Faro. An emblematic, classified building, with an approved project for rehabilitation and great potential for appreciation. ✅ Location: Historic Center of Faro ✅ Total Area: 707 m² ✅ Composition: 3 floors, patio with garden ✅ Approved Project: For urban building with 5 exclusive autonomous units, which are based on a collective condominium housing program, with the following distribution: - Ground floor: a 1 bedroom apartment; a 2 bedroom apartment; a 2 bedroom 1 duplex apartment - 1st Floor: a T2 duplex apartment; a 2 bedroom apartment 1 ✅ Flexible Potential: meets the requirements to be converted into tourist apartments ✅ Property Classified and Inserted in an Urban Rehabilitation Area (ARU): allows high benefits and tax and council exemptions ✅ Rapid Development: The construction permit can be issued immediately ✅ Historic Property: It was, for around two decades, the headquarters of the Faro District Archive, keeping the documentary memory of the region. It was also the official residence for 5 years of the memorable Franciscan priest Frei António Marques Crispin, remembered for his dedication to the community, and work developed while teaching at Colégio Algarve de Faro.
💡 Ideal for investors, promoters or tour operators looking for an exclusive asset in one of the most charming and valued areas of the Algarve. Get in touch today and discover this soulful rehabilitation project, ready to transform into a unique space in the center of Faro!
