8 Bed Building In Olhao Algarve - 750000€

Description

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 herePW3770* Beds: 8* Baths: 5* District: Olhao* Type: Buildings, Commercial* Property ID #: PW3770