Discover a rare investment opportunity in the historic heart of Loulé with this exceptional commercial property. Ideally situated in the city's vibrant and cherished centre, this unique building presents a versatile opportunity for investors and entrepreneurs alike. Currently licensed for commercial and industrial use, the property benefits from an approved redevelopment plan to convert it into a contemporary one-bedroom residence spread over three floors, complete with a charming rooftop terrace offering panoramic city views. The thoughtfully designed layout includes a ground floor with a living room and kitchen, a first-floor bathroom, and an attic space that can be transformed into a bedroom. Located within the Urban Rehabilitation Area (ARU), the property provides attractive tax incentives and renovation grants, making it an even more appealing prospect. Whether you seek to establish a boutique business, create a modern office, or develop a stylish home in a historic setting, this property offers limitless potential. The current owner is also open to constructing the planned T1 residence for €288,000, negotiable. At DS Albufeira Prime, we are dedicated to guiding our clients through transformative real estate journeys, offering professional support from investment advice to renovation and decoration services. Situated in Loulé, a charismatic and authentic Algarve city, this location boasts a lively historic centre filled with cobbled streets, traditional markets, cafés, and boutique shops. With proximity to stunning beaches, Faro Airport, major highways, and shopping centres, Loulé combines tranquility with urban vibrancy, presenting a secure, promising future for both living and investment. Schedule your visit today and explore the full potential of this distinctive property – your next successful venture in Loulé awaits.

1 bedroom apartment

Data source: https://www.rightmove.co.uk/properties/163752908?currencyCode=GBP#/?channel=OVERSEAS