Two Storey Property With Large Warehouse — Investment Potential In Montenegro, Faro

A versatile property located in Montenegro, Faro, close to Faro Airport and with convenient access to the main road networks.

The property comprises two floors, both currently laid out in a three-bedroom apartment configuration, as well as a large warehouse located at the rear of the property.

The ground floor features a space with a residential-style layout and a more modern appearance, while the first floor comprises a three-bedroom apartment with a more traditional style.

Property features:

Ground floor with three bedrooms and a residential-style layout, although it is registered as a warehouse in the property tax register.

First floor laid out as a three-bedroom apartment.

Large warehouse at the rear of the property.

Located in Montenegro, close to Faro Airport.

Potential and opportunities

Given its layout and location, this property may appeal to investors or buyers looking for a property with versatile spaces and potential for added value.

The possibility of regularising the ground floor for residential use could be explored, as could the feasibility of a renovation project or a tourist accommodation development, such as a hostel.

However, it is important to clarify that these possibilities are not guaranteed. Any change of use, legalisation, building works or development of a tourist accommodation business will be subject to a review of the property’s documentation, urban planning and technical feasibility, and the legally required authorisations and approvals from the competent authorities, including Faro City Council.

An opportunity for buyers seeking a property with distinctive features who are prepared to assess its legal status and explore suitable options for its future use.