House T6 - Faro, Olhão

Urban Building with Unique Potential in the Heart of Olhão
We present an urban building with unique characteristics, located in a central and consolidated area of the city of Olhão, ideal for investment, rehabilitation or development of an urban income project. The property stands out for its versatility, four units with independent access, generous areas and a large terrace with great potential.

Composition of the Property
Ground Floor
The ground floor consists of three independent rooms, each with an autonomous entrance directly to the public road. Although the current allocation is residential, these three units were previously used as commercial spaces, offering flexibility for different types of future use through adaptation and appropriate licensing.

• Space 1: 24.40 m² — bright space, with direct door to the outside.
• Space 2: 36.60 m² — regular floor plan, ideal for studio or small business.
• Space 3: 36.60 m² — similar to the previous one, with excellent potential for internal reorganization.

All rooms on the ground floor need complete renovation, allowing the future owner to customize the space according to the intended use.

1st Floor
Access to the upper floor is through an independent entrance, reinforcing privacy and allowing the autonomous use of the fraction.
The first floor corresponds to the main housing unit, consisting of:

• 3 bedrooms
• Living room
• Kitchen
• Full bathroom

The traditional layout gives it a typical identity of Olhão´s urban architecture.
Although it is inhabited and maintains the integrity of a residential space,  it requires a profound renovation, which opens up the opportunity to create a modern, comfortable environment perfectly adapted to current needs.

Upper Terrace
From the kitchen, you can access the large terrace with 102.50 m², one of the strengths of this property. This space offers numerous possibilities:

• Creation of a leisure area
• Expansion by design (subject to licensing)
• Ideal area to enjoy the mild climate of Olhão

Property Potential
This building is an excellent opportunity to:

• Investors looking to develop independent apartments for rent
• Those looking to create commercial areas on the ground floor and housing on the upper floor
• Total rehabilitation project, valuing local architecture
• Development of local accommodation, subject to compliance with the rules in force

The strategic location, the independence of the units and the large terrace, make this property a rare option in the urban market of Olhão.