Perfectly located building in Olhao 2 minutes from the riverside for renovation

REF: PW3770

District: Faro
Municipality: Olhão
Property Type: Building
Beds: 8
Bathrooms: 3
Unit Property Type Floor Bedrooms Parking Area (SQM) Outdoor Area (SQM) Price Floorplan

About Perfectly located building in Olhao 2 minutes from the riverside for renovation

Get to know the property

With the huge Marina Village development now complete and the luxury Del Mar Marina condominium soon to follow along with 6 or 7 other projects in varying stages of construction, there has surely never been a better time to invest in booming Olhao.

 

Tucked away on the banks of the Ria Formosa National Park - a beauty unto itself - the secret is out and Olhao is welcoming investors with a warm Algarvian welcome.

Situated as it is, this building offers a prime location at the heart of the historic old town that new developments simply cannot match. On the municipal square and just 2 minutes walk from the water and the famous old market everything Olhao has to offer is within a leisurely stroll away.

Officially classed with a typology of 8, the building is home to 3 separate fractions. 

On street level is a commercial unit with a sitting tenant providing an established rental stream in a prime location, as well as the smaller of the 2 apartments with high ceilings and access to the main square at the front as well as the street behind.

Upstairs brings us to the main apartment with a layout typical of it's era with many conjoining rooms and spaces - ripe for renovation in to a modernised, high end property. 

The rooftop terrace is of a very large size and offers panoramic rooftop views of Olhao.

 

Nearby places of interest include - 

 

Cafes, bars and restaurants are on the doorstep.

The waterfront, with the famous Old Market is 2 minute's walk from here

The ferry to the island of Armona is 3 minute's walk away

Faro International Airport is just 17 minute's drive away

The train station is 5 minute's walk from here

 

For more about the beautiful Algarve click here Living in the Algarve - Things to do in the Algarve [A Foreigner's Guide] (portugalhomes.com)

 

Book your viewing today!  www.portugalhomes.com

 

 

 

Location

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