Engel & Völkers
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Prime Investment Opportunity in the heart of Silves

€225,000
  • 6 Rooms
  • 4 Bedrooms
  • 4 Bathrooms
  • 233 m² Total surface
  • 152 m² Living area
  • 120 m² Plot surface

Description

Investment Opportunity in the heart of Silves Situated in Silves, with its rich history, this property is within the tranquil heart of the city. Not only does it offer the prospect of significant renovation and tax incentives, but it also has the potential for notable returns for investors. With a land area of 120 square meters and an approved project for a 255 m² building with 4 bedrooms, this property stands out as one of the most promising investment opportunities in the historic center. Imagine a rooftop terrace with scenic views of the city with Silves Castle in the background. Use can range 2 apartments to a large single-family home, or a combination of both. Just a short walk away is the vibrant riverfront, home to a variety of dining establishments. Strategically located in Silves, the property offers direct access to essential services and amenities, including renowned schools, top-notch healthcare facilities and a variety of shopping options. With just 10 minutes to reach the Golf de Silves, the location is perfect for exploring the stunning beauty of the Algarve region. For the experienced investor, this opportunity shines brightly: a chance to combine history, potential and an unbeatable location, transforming it into a formidable asset. Don't let this distinctive investment opportunity go unnoticed. Contact us today!

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Engel & Völkers Portimao

Your advisor: Nuno Fernandes

Property ID: W-02V8A8

Property details

Object type

Other

Condition

Needs Rehabilitation

Rooms

6

Bedrooms

4

Bathrooms

4

Floor

2

Number of Floors

2

Total surface

233 m²

Living area

152 m²

Plot surface

120 m²

Energy efficiency information

Construction year

1951

Energy efficiency class

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Energy certificate available

In progress

Energy certificate type

Consumption certificate

Location: Silves, Faro District

Silves, a historic and enchanting town, once served as the capital of the Algarve. During the Moorish rule from the 9th to the 12th centuries, it stood as a vital defensive stronghold and bustling commercial hub, witnessing boats traversing the River Arade and venturing into North Africa. Today, Silves exudes tranquility, preserving the echoes of its prestigious past in every corner. Its notable landmarks include the commanding red brick castle, formidable city walls, and the Gothic cathedral, erected upon the grounds of a grand mosque. Visitors find Silves a delightful city to explore, imbued with a distinctly Portuguese ambiance, featuring alfresco cafes, cobblestone streets, and a laid-back lifestyle complemented by modern amenities. Nestled amidst the scenic Algarve countryside, Silves enjoys a picturesque setting along the serene banks of the Arade River. Just a short drive from the stunning Algarve coastline, renowned for its pristine beaches, crystalline waters, and majestic cliffs, Silves offers easy access to charming fishing villages like Alvor, Ferragudo, and Carvoeiro, as well as the rejuvenating spas of Monchique, Portimão, Lagos (known as the town of discoveries), and Sagres. Conveniently located, Faro airport is a mere 45 minutes away, while Lisbon and Seville are both approximately a 2.5-hour drive from Silves.

Floor plans (5)

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Houses for sale in Silves

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Engel & Völkers Portimao

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Provider:

Soho Algarve, Lda.

License partner of Engel & Völkers Residential GmbH

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