790 000 €

Building in Olhão, Olhão

Olhão, Faro

350 m²

Energy efficiency

Building for sale

In the historic centre of Olhão, on Rua 18 de Junho, stands this freehold building with its original period façade, covered with vibrant blue tiles. Ideal for anyone looking for a refurbishment project. With a total gross area of 350 m², it is perfect for those seeking a renovation project with strong potential, whether for tourism, residential use or a mixed-use concept, taking advantage of the dynamic real estate market in Olhão. On the ground floor, the building offers 3 independent commerc...In the historic centre of Olhão, on Rua 18 de Junho, stands this freehold building with its original period façade, covered with vibrant blue tiles. Ideal for anyone looking for a refurbishment project. With a total gross area of 350 m², it is perfect for those seeking a renovation project with strong potential, whether for tourism, residential use or a mixed-use concept, taking advantage of the dynamic real estate market in Olhão. On the ground floor, the building offers 3 independent commercial units, one of which has already been refurbished and is currently leased to a tattoo studio (“tattoo parlor”), providing immediate income for the investor. The other two units, with a combined area of approximately 150 m², offer excellent potential to be adapted for retail, services or as support facilities for a future tourist operation. On this level there is also a covered courtyard of around 50 m², with direct access to the shops, which can be converted into private parking, storage rooms or a technical area, adding functionality and value to the property. On the first floor there is an apartment preserving the original historic character, with approximately 150 m², currently comprising 5 bedrooms, 1 bathroom, a kitchen and several internal rooms, retaining period features. The layout offers a very flexible configuration, easily adaptable to different concepts: from large family apartments to local lodging units or self-contained flats. There is also a covered area that can be transformed into a pleasant outdoor space, rooftop lounge or private terrace, benefiting from the typical Algarve sunshine and climate. Located in the heart of Olhão, this historic building enjoys excellent access to all amenities, including the Olhão Market, traditional restaurants, local shops, services and public transport. It is just a few minutes from the piers for the Ria Formosa islands and from the stunning beaches that make the city an increasingly sought-after destination for both national and international tourists. This is a unique opportunity for those wishing to invest in a property full of charm, with strong capital appreciation potential and the possibility to create a distinctive project, whether for tourism, residential or mixed use. Book your visit now and come discover this project or future home on site. SUMMARY: Building with original historic character 1 apartment of 150 m² 3 commercial units of 50 m² 50 m² courtyard ARU urban regeneration area. Located in Olhão, this is a historic property that benefits from easy access to local amenities, including markets, restaurants and stunning beaches. Do not miss the chance to bring this space to life; schedule your visit today.

Details

Construction Year1950

Gross Area m²350

ElevatorNo

Private Gross Area m²350

Living Area m²280

GarageNo

Total Lot Size m²350

Price m²2 257 €

Floor- -

Location

Attributes

Balcony

Storage Room

Mortgage Simulator

CENTURY 21 Imopredial II

Almada, Setúbal

AMI 1113

Diogo Maia

+351 914 976 *** See number

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Building in Olhão, Olhão

Building in Olhão with multimedia