Buildings for sale in Silves, Algarve, Portugal

Building in the area of Algoz. This fantastic property consists of three floors. On the ground floor there is a restaurant with very spacious areas in both the living room and the kitchen. On the first floor, there are five bedrooms, all en-suite, a shared kitchen and another apartment with two bedrooms. The apartment comprises an open space living room and kitchen, aone bathroom for guests and two bedrooms en-suite. Some of the rooms have access to balconies and all are equipped with air conditioning. Book a visit today. #ref:Sort21628

FHCM3006 - 3-Story Service Building with Independent Basement | Potential for Conversion into Hostel or Apartments | Silves, Algarve 796 m² of construction, Rua Francisco Pablos, Silves, Algarve. Property with active profitability in RC and high potential for conversion into boutique hostel or tourist apartments, with the possibility of a swimming pool on the terrace. Self-contained basement ideal for storage or independent use. Investment opportunity in the historic heart of Silves. We present this urban service building, centrally located in Silves, one of the most emblematic historic cities in the Algarve. With 796 m² of gross construction area spread over three floors above ground, plus an autonomous basement, this property combines immediate profitability with a solid potential for appreciation through a renovation and conversion project. Property Characterization Type: Urban building, wholly owned, assigned to services Gross Built Area: 796 m² Gross private area: 734 m² Floor area: 62 m² Implantation area: 299.5 m² Total land area: 329.5 m² Floors: RC + 1st + 2nd + Independent basement Rooms: 15 - Property Distribution - Ground floor: Currently leased, with active yield of 3.5% Service space with street front Potential to maintain as trade/services or integrate into conversion 1st Floor: Space to be requalified Potential for 2 to 3 apartments or hostel rooms 2nd Floor / Roof: Upper floor with access to the terrace Terrace with potential for outdoor swimming pool a strong differentiating element for hostel or tourist accommodation Basement: Independent of the main building Ideal for storage, storage or self-catering Potential for Reconversion The building meets the conditions for conversion into: Boutique hostel with rooftop pool Tourist apartments (AL) for the medium-high segment Mixed model: services in the RC + accommodation on the upper floors Location and Surroundings Historic centre of Silves, a heritage reference city in the Algarve Close to Silves Castle, Cathedral and museums Lagoa / Portimão: ~15-20 min Carvoeiro and Benagil beaches: ~25 min Faro Airport: ~45 min Investment Reasons Immediate profitability for active lease of the RC Algarve: consolidated tourism market at European level Silves growing as a cultural tourism and slow travel destination Scarce offer of boutique accommodation in the historic centre Terrace with pool potential a strong differentiator in the hostel segment Asset value valued at €406,925 (CIMI 2023) A property with double value: immediate return and potential for significant appreciation after conversion a unique opportunity in the historic heart of the Algarve. Supplier Location: Portugal > Algarve > Silves > Silves #ref:FHCM3006

Some properties stand out for their location. Others for their architecture. And then there are truly rare properties where history, art and heritage come together in one extraordinary place. In the heart of Silves, we present this remarkable historic palace, built around 1920 and associated with Samora Barros, a renowned Algarvian professor, poet and painter. The property retains the character and elegance of an era defined by refinement, craftsmanship and meticulous attention to detail. With its imposing architecture, highly distinctive interiors and unique decorative features, this historic residence offers an experience that is exceptionally rare in today’s property market. Among its most striking features is a magnificent chandelier weighing approximately 300 kg, adorned with crystals sourced from Iran. This remarkable centrepiece adds to the property’s unique identity and creates an atmosphere of exceptional character. The story continues inside, where much of the carefully preserved furniture will be included in the sale at no additional cost. This allows the future owner to retain and preserve an important part of the spirit, character and legacy of this remarkable property. Outside, the swimming pool complements the setting, creating a private and inviting space for relaxation and leisure beneath the Algarve sun. Its location in Silves, one of the Algarve’s most historic and emblematic towns, offers the perfect balance of privacy and tranquillity while remaining close to the region’s beaches, golf courses, amenities and main transport links. Given its size and unique characteristics, the property also offers exceptional potential for a variety of projects from a prestigious private residence to a charming tourism venture, boutique hotel or distinctive investment opportunity, always subject to the relevant feasibility studies and licensing requirements. More than simply acquiring a home, this is an opportunity to become the custodian of a heritage that spans more than a century. A rare property. A story to continue. A legacy to preserve. Historic residences of this calibre rarely come onto the market. Contact us for further information and to arrange a private viewing of this truly unique property in Silves. #ref:C0431-00861

Esse prédio parece ser uma excelente oportunidade de investimento, tanto para quem quer continuar o negócio de restaurante como para quem está pensando em transformar o espaço em habitação. A estrutura parece ser bastante versátil, com várias áreas independentes, o que poderia facilitar a adaptação para diferentes tipos de uso. A descrição do restaurante no R/C, com cozinha totalmente equipada, grelhador a carvão, forno de pizza e esplanada, indica que o local já tem um bom fluxo de clientes e está pronto para operar sem necessidade de grandes investimentos. Além disso, o terraço no 1º piso, com capacidade para 40 pessoas, poderia ser um grande diferencial para eventos privados ou festas. A segunda cozinha independente também pode ser um ponto forte, especialmente se o restaurante precisar de mais espaço para a produção de alimentos ou servir a eventos maiores. O apartamento no 1º piso, embora necessite de modernização, oferece o potencial de ser transformado em um T3, o que é uma boa opção para quem deseja adicionar valor ao imóvel. A cave com o pequeno bar e a arrecadação com arca congeladora industrial e garrafeira é um excelente espaço de apoio para o restaurante, além de ser um bônus para quem decidir transformar o prédio em habitação. O fato de o imóvel possuir três entradas independentes dá ainda mais flexibilidade para quem quiser dividir os espaços ou até mesmo criar unidades separadas para diferentes fins. Se você tivesse que pensar em um preço de venda para esse imóvel, qual seria a sua estimativa? E, você acha que a conversão para habitação poderia agregar mais valor ao imóvel? Predimed Imobiliária, Mediação Imobiliária, Lda. Avenida Brasil 43, 12º Andar, 1700-062 Lisboa Licença AMI nº 22503 Pessoa Coletiva nº (telefone) Seguro Responsabilidade Civil: Nº de Apólice RC65379424 Fidelidade #ref:054125