Building, Faro (Sé e São Pedro), Faro

Historic building for rehabilitation, with 932 m2 of gross construction area, of which 764.4 m2 are private gross area and 167.4 m2 dependent gross area, located in downtown Faro, Algarve.The property is in an ARU zone and consists of 4 floors, with a rehabilitation study for: 10 apartments; a pool with relaxation area on the rooftop; a reception; a restaurant and an outdoor terrace. This study offers flexibility for using the property for different types of investments, real estate or hotel.The preliminary study includes the following distribution:Floor 0 - A reception, a restaurant with 34 indoor seats and 18 terrace seats; two bathrooms and a one-bedroom apartment;Floor 1 - four one-bedroom apartments (with areas between 44m2 and 57m2)Floor 2 - four one-bedroom apartments (with areas between 44m2 and 57m2)Floor 3 - a one-bedroom apartment with 57.7 m2, changing rooms, swimming pool and outdoor relaxation areaThis magnificent iconic building in downtown Faro from 1949 has a beauty.This historic building in downtown Faro, from 1949, is an icon of the city of Faro. Although it needs restoration, the building maintains many original architectural elements that, once restored, will enhance its historical charm and traditional Portuguese architecture. The ground floor offers ample space for commercial development, while the upper floors can be converted into apartments or hotel suites.In downtown Faro, located near: marina, shops, services, restaurants, pharmacies, transportation, church and historic area of the city.It's a 5-minute walking distance from the Marina, the main restaurant area, and Rua de Santo António, and it's less than a 10-minute driving distance from Faro Theater, Faro Market, the University of Faro, Faro District Hospital, Forum Faro, and Faro Cathedral. It is a 15-minute boat distance from Deserta Island of Faro. It is also a 15-minute driving distance from Faro Beach, Faro International Airport, and two and a half hours from Lisbon.