$983,364

Renovation & Development Opportunity In Central Tavira

  • 3 Beds
  • 3 Baths
  • 2,541 Sqft
  • Updated: August 12
  • 2
    Views for last 30 days

About the Property

*Property with Redevelopment & Renovation Potential in Tavira:

This property, located in a highly central area of Tavira, represents a versatile opportunity, combining existing built space, a large and private outdoor area, a rooftop terrace with views, and an additional ruin registered as a separate property.

Its real value lies in the possibilities it offers - whether throu
*Property with Redevelopment & Renovation Potential in Tavira:

This property, located in a highly central area of Tavira, represents a versatile opportunity, combining existing built space, a large and private outdoor area, a rooftop terrace with views, and an additional ruin registered as a separate property.

Its real value lies in the possibilities it offers - whether through renovating and transforming the existing property or exploring the potential for a new residential development, always subject to planning feasibility and the relevant approvals.

Some properties are bought for what they are. Others are bought for what they could become.

*Renovate, Transform & Create:
On the ground floor, there is currently a workshop offering generous space which, subject to the necessary permissions, could potentially be converted into an independent residential unit, office, studio or other complementary space.

At the rear, one of the property’s most appealing features is a large, private garden/courtyard, offering considerable potential to create an attractive outdoor living area with a swimming pool, landscaped garden, outdoor dining area, lounge or leisure space.

The first floor currently accommodates the main residence. Although it would benefit from modernisation, it offers good proportions and an excellent foundation for creating a comfortable contemporary home.

On the upper level, there is also a private rooftop terrace with additional storage space and views over the river and historic area of Tavira - an ideal setting for an outdoor lounge, al fresco dining or simply enjoying the surrounding views.

The property also includes a ruin registered as a separate property, adding another layer of flexibility and potential to the overall opportunity.

*An Opportunity for Development:
For investors or developers, there is a second avenue to explore: the possibility of creating a new residential project, making the most of the land and its highly desirable location.

Subject to planning regulations and feasibility, different concepts could potentially be considered, including apartments, townhouses or another residential development, allowing the future project to be designed around the property’s strongest potential.

Any construction possibilities, number of units or permitted areas would, of course, need to be confirmed through the relevant planning and licensing process.

*A Location That Adds Value:
Being in central Tavira means having shops, restaurants, services, the Gilão River and the historic centre all within easy reach, while enjoying everything that makes Tavira so desirable: heritage, nature and an exceptional quality of life.

The proximity to the beaches of the Ria Formosa, golf courses and the Algarve’s main road connections adds further value to this location.

*For Those Who Can See the Potential:

This is a property for someone looking for more than a finished home.

It offers the possibility to:

Renovate and transform the existing residence
Create an independent unit on the ground floor
Turn the garden into a private outdoor living area with a pool
Make the most of the rooftop terrace and its views
Explore the potential for a new residential development
Invest in a central Tavira location with long-term potential

A versatile property in a highly desirable location, where the real value lies in the possibilities still waiting to be explored.

For more information about the property, documentation, development potential, or to schedule a visit, simply fill out the form.
Energy Rating: E
#ref:MRT3521
  • Property type

    House

  • Floors

    2

  • Price/sqft

    $387

  • Emissions

    NI

  • Consumption

    E

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Faro (Se e Sao Pedro), Algarve, Portugal View on Google Maps
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Gemma Hearne - S.M. Imobiliária LDA

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Gemma Hearne - S.M. Imobiliária LDA
Faro, Portugal
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73
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2023
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Gemma Hearne - S.M. Imobiliária LDA
Cabanas de Tavira, Faro, Portugal
View agency profile
Last updated
August 12
First listed
Aug 12
Listing reference
MRT3521-0526425482
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