House For Sale Far0 Ad:954396

For Sale >

Portugal > Faro > Faro > Faro (se)

Map Street View Save

€400,000

CHECK IF AVAILABLE

House 3 bedrooms
For Sale
Faro
Portugal

This investment is setup as a renovation/rebuild project. The current property is a terraced house right in
the center of Faro. There are not many frontline properties like these available. The house comes with two
addresses. The top half and the bottom half. The owner has made sure to apply for a rental licence for
both of the addresses.

In addition to the rental yield, this property offers a great potential for a renovation/rebuilt. The property
has a granted option to add another floor on top. This means, more sea views and also an additional
75m2 to the already significant 170m2.

The current owner is an architect. He has developed a project for this house that consists of two
apartments. Seeing as this property already has two addresses and sufficient space. This project would
be very doable if your thinking of building your holiday home or creating revenue through rental income.
Furthermore, this property is one of the few properties that lays within its right to add more stories if
planning is within reason and accepted. This could go up to 11 stories, this also depends on the
possibilities for parking as that determines the scope of the operation.

An amazing opportunity on a great location. Within crawling distance to the Faro marina and a one of a
kind frontline property. We would be happy to show you the potential. So book a visit and we will see you
soon.

CHECK IF AVAILABLE

Show Map

Get Alerts