Buildings for sale last month in Olhão, Algarve, Portugal

Fully renovated building located on the emblematic Rua do Comércio, in the heart of Olhão’s historic centre, combining commercial space on the ground floor, residential accommodation on the upper floors and a spacious private terrace overlooking the city. The renovation has resulted in an essentially new building, with only the original historic façade preserved, maintaining the architectural identity of the street while introducing contemporary interiors with particular attention to the quality of materials, insulation and energy efficiency. The property is equipped with PVC windows with laminated double glazing, providing enhanced thermal and acoustic insulation while allowing excellent natural light. The walls and ceilings also feature high-density thermal insulation, contributing to more balanced indoor temperatures throughout the year. All areas are also prepared with pre-installation for air conditioning. On the ground floor, there is a bright and spacious commercial area of approximately 71 m², with a guest bathroom and direct access to Rua do Comércio. Its location and layout allow for a variety of uses, from retail or hospitality to an art gallery or other commercial concept. The first floor, also measuring approximately 71 m², comprises the main living areas. The open-plan kitchen integrates with the living and dining areas, creating a spacious environment enhanced by generous ceiling height and a contemporary electric fireplace. This floor also includes a technical room, a generously sized pantry, a complete bathroom with walk-in shower and a private balcony overlooking the city. The second floor is dedicated to the master suite, with approximately 42 m², designed as a more private area of the property. It comprises a bedroom, bathroom with carefully selected finishes, a walk-through wardrobe and a private balcony. At the top of the building, the private terrace of approximately 50 m² is one of the property’s main highlights. Offering panoramic views over Olhão’s historic centre, its characteristic rooftops, the Municipal Market and the sea in the distance, it provides an exceptional setting for creating different outdoor dining and leisure areas. There is also the possibility of adding decking, a barbecue area and a jacuzzi, for which pre-installation is already in place. The combination of commercial and residential space, together with its location in the heart of the historic centre and the complete renovation of the building, makes this a particularly versatile property, whether as a permanent residence with a business in the same building, a second home or an investment opportunity. A distinctive property in central Olhão, where the preservation of the traditional façade is combined with renovated interiors, generous spaces and a terrace with privileged views over the city. #ref:EDI_14315