Description
Building located in downtown Faro - License approved for 5 apartments
Old building situated in the historical area of the city and 5 minutes from the Ria Formosa and the access for boats to the islands of the region.
This property currently has an approved license for the construction of 5 apartments, with a gross construction area of 612.55m2 which is distributed as follows:
Floor 0
1 - 1 bedroom apartment
1 - 2 Bedroom Apartment
1 - Apartment T2+1 (Duplex)
Floor 1
1 - 2 Bedroom Apartment
1 - Apartment T2+1
The property is located within the Urban Rehabilitation Area, enabling all tax exemptions and reductions in force.
The construction permit can be issued immediately, allowing the start of works, as soon as the future owner wants.
An excellent opportunity in a much sought after area, in modernization and with immense potential.
For more information, talk to us!
Energy Rating: F
