Building In Full Ownership | Active Guest House | 3 Apartments + Basement | 2 Box Garages |

Building in full ownership with 3 apartments suitable for independent use located at Rua Pedro Nunes nº38 in Faro. (2-bedroom + 4-bedroom + 2-bedroom + sub-basement + 2 box garages)

This 4-story property is currently vertically owned (a single item) and already has 3 ACTIVE LOCAL ACCOMMODATION LICENSES.

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

- Ground floor: 2-bedroom apartment, approximately 193m², with 133m² of private gross area:

- 2 bedrooms;
- Kitchen with pantry;
- Bathroom with shower;
- Living room with access to a large 30m² south-facing balcony;
- Enclosed 20m² patio at the entrance to the property.

- 1st Floor: 4-bedroom apartment, with approximately 133m2:
- 4 bedrooms, one of which is en-suite and another with a balcony;
- 2 bathrooms;
- Kitchen;
- Living room currently converted into an en-suite bedroom;
- Private access to part of the rooftop;

- On the 2nd floor is the 2-bedroom apartment, with approximately 133m2, 70m2 of which is private area;
- 2 bedrooms;
- Kitchen and open-plan living room, currently converted into a bedroom;
- Bathroom with shower;
- Private patio on the rooftop.

- Basement (ground floor at the rear) has 40m² of private area, plus around 30m² of backyard.

The building also has 2 garages, each measuring around 15m².

This is an excellent investment option, given the multiple options for profitability:
- Profit from Local Accommodation by the Room or Apartment;
- Investment in a conversion to Horizontal Property, in order to enhance the separate sale of the apartments;
- Long-Term Rental.
- Housing for large families.

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

Additional information:
ANNUAL PROPERTY TAX: €705.49
GPS coordinates: [hidden information]
Municipal water supply – Yes
Basic sanitation – Yes
Fiber network – Yes