This building, located in Faro, Algarve, is a hotel currently undergoing renovation, consisting of a ground floor and three additional floors. Situated in the heart of the city, it boasts an excellent location within walking distance of the Marina and all amenities. Floor distribution: - 1st, 2nd, and 3rd floors: Comprising a total of 30 suites (10 per floor), currently in the final stages of renovation. Some of these suites feature spacious balconies with unobstructed views and/or views of the park gardens. - **Ground floor:** Offers the potential for commercial spaces with a total area of 227m². General features: The building consists of 4 floors, with a total of 30 rooms, each equipped with a private bathroom. It is being fully renovated and modernized, with the renovation project expected to be completed by early 2025. Extras: The acquisition of this hotel also includes the associated company linked to the business venture. Faro, the capital of the Algarve, is a vibrant city located in southern Portugal. Renowned for its rich historical heritage, Faro stands out with its charming walled old town, known as the ’Cidade Velha,’ featuring cobblestone streets, historic churches, and Manueline-style buildings that invite exploration. The city also serves as the main gateway to the region, with Faro International Airport just minutes from the city center. Surrounded by the natural beauty of the Ria Formosa, a protected lagoon system with islands, beaches, and abundant wildlife, Faro is a popular destination for both culture enthusiasts and nature lovers. With its welcoming atmosphere, excellent cuisine, and easy access to other Algarve towns, Faro offers a perfect blend of tradition, modernity, and leisure. #ref:GA-10032

The building has an approved PIP for the creation of 9 units 6 studios and 3 one-bedroom apartments (T1) and is located in Faro’s downtown (Baixa), within a well-established urban area with strong demand. Total construction area designated for residential use, distributed across 9 units (ground floor and retail/mezzanine level): 627.56 m² including office space and outdoor areas, it could reach approximately 1,000 m². The property benefits from three pedestrian access points via one of the city’s main streets. The side entrances serve the commercial and service spaces on the lower floors, while the central entrance is dedicated to the upper floors intended for residential use. The service floor offers ideal conditions for the creation of a coworking space, offices, or meeting rooms. The planned interventions are exclusively internal, focused on reconfiguring the layout, allowing the building to be adapted to the new concept. All units will include bathroom facilities accessible to people with reduced mobility and will benefit from openings connected to the exterior, ensuring natural light, ventilation, and comfort. There is also potential for further value enhancement through the creation of a leisure area on a currently underused terrace, as well as the presence of an interior garden that provides natural light to the rear part of the property. With numerous configuration and operating possibilities, this asset represents a versatile solution, ideal for a coliving concept, urban residences, or hybrid living-and-working spaces, combining functionality, prime location, and strong appreciation potential. #ref:GA-10201

Grundstück mit Obstbäumen in einem Bereich von 88,340 qm und einem städtischen Grundstück - Old Manor House in Trümmern. Baugewerbe insgesamt rund 1.200 qm Fläche. Pre-Projekt für ein Romantisches Hotel, wurde vor einigen Jahren gemacht, mit 50 Zimmern, Restaurant, Konferenzraum, Schwimmbädern und Gärten. Für weitere Informationen, zögern Sie nicht uns zu kontaktieren! #ref:GA-0200.2