Renovated Building| Guest House | 4 Apartments | 2 Garages BOX

Price Upon Request





560 m2

of area

Building in total ownership with 4 flats that can be used independently located at Rua Pedro Nunes nº38 in Faro. (T1+T2+T4+T2)

This property has 4 floors, is currently in vertical ownership (a single article) and already has 3 ACTIVE LOCAL ACCOMMODATION LICENCES (before closing for remodelling it was rated 8.9 in reviews on sites such as booking and airbnb and with a profitability rate of around 8%).

The building has a total area of 560m2, distributed as follows:

- On the ground floor there's a 2-bedroom apartment of around 193m2, with 133m2 of gross private area: (at the back it's like a 1st floor)
- 2 bedrooms;
- Renovated kitchen with pantry;
- Bathroom with shower;
- Living room with access to large 30m2 balcony, facing south;

- Fenced patio, just outside the property, with 20m2.

- On the 1st floor you'll find the T4, with around 133m2:
- 4 bedrooms, one en suite and the other with a balcony;
- 2 bathrooms;
- Fully renovated kitchen;
- Living room;
- Private access to part of the Rooftop;

- On the 2nd floor you'll find the T2, with around 133m2, 70m2 of which is private;
- 2 bedrooms;
- Open-plan kitchen and living room.
- Bathroom with shower;
- Rooftop private patio.

- Basement (ground floor at the back) transformed into a one-bedroom apartment (completely renovated), with around 70m2, 40m2 of which is private:
- Open-plan kitchen and living room;
- Bathroom;
- Bedroom.
- Back garden of around 30m2.

The building also has 2 garages in a box, each of around 15m2.

It's important to note that all the renovation work will be finished by the end of May and beginning of June.

This is an excellent investment option, given the multiple monetisation options:
- Profit from Local Accommodation in a Room or Apartment;
- Investing in a Horizontal Property, so as to be able to sell the flats separately;
- Long-term rental.
- Large family housing.

For any questions or to arrange a visit, we have a team of professionals ready to give you all the attention you deserve.

Additional information:
ANNUAL IMI: 705,49€
GPS coordinates: 37.0171779, -7.9245782
Municipal Mains Water - Yes
Basic Sanitation - Yes
Fibre Network - Yes

  • Price: Price Upon Request
  • Status: Excellent
  • Gross area: 560m2
  • Plot Area: 194m2
  • Bedrooms: 9
  • Bathrooms: 5
  • Energy Certificate: D
  • Reference: C0205-05627
  • Supermarket (350m) - Pingo Doce Faro - Tridente
  • School (450m) - Escola Secundária João de Deus
  • Library (500m) - Biblioteca Municipal de Faro
  • Market (600m) - Mercado Municipal de Faro
  • Fire Department (1.1km) - Bombeiros de Faro Cruz-Lusa
  • Hospital (1.1km) - Hospital de Faro
  • Historic Area (1.1km) - Zona Histórica Faro
  • Train Station (1.6km) - Estação Ferroviária de Faro
  • Bus Station (1.6km) - Terminal Rodoviário Faro

Schedule Visit

Available dates

Realtyart - Mediação Imobiliária, S.A. AMI: 5101
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