Stunning Townhouse in Olhão with Historical Charm

€690,000

3 Rooms
2 Bedrooms
2 Bathrooms
155 m² Total surface
121 m² Living area
94 m² Plot surface

Description

Located in the heart of Olhão, this remarkable property was transformed from an old canning factory and fish warehouse into a stunning modern townhouse in 2019. Seamlessly blending traditional charm with contemporary design, this home captures the essence of southern city living. Elegant and Airy Design This two-story townhouse features 2 spacious bedrooms with en-suite bathrooms, offering ultimate comfort and privacy. The high-ceilinged rooms of the former warehouse create a bright, open, and relaxed atmosphere. On the ground floor, an open-concept living area integrates a sleek, modern kitchen equipped with premium SMEG appliances. The space opens onto a delightful internal patio, bathed in natural light, and designed with a Moroccan-inspired aesthetic. Complete with a plunge pool, ideal for moments of tranquility and relaxation. Expansive Outdoor Spaces A spiral staircase leads to the large rooftop terrace, offering breathtaking views of Olhão’s historic center. This is the perfect spot to enjoy warm summer evenings or entertain guests. Renovated with Quality and Style The property’s renovation preserves its historical charm while incorporating contemporary comforts. Features include: -Double-glazed wooden windows for energy efficiency. -Traditional Santa Catarina tiles for a touch of authenticity. -Modern finishes and thoughtful design throughout. Investment Opportunity with High Profitability This property is not only a dream home but also a smart investment. With a profitability rate of 11%, it’s ideal for those seeking a rental income or a long-term value increase. The Soul of Olhão Set in a pedestrian zone in Algarve’s largest fishing port, this home is surrounded by the rich culture, vibrant markets, and fresh seafood that make Olhão truly unique. Engel & Völkers Faro-Tavira is at your service to provide more information or arrange a private viewing. Contact us today to discover the unmatched potential of this exceptional property. Don’t miss the chance to own a piece of Olhão’s charm!

Features

Air conditionBuilt-in kitchenPatioSea/Lake viewSecurity systemSwimming poolWaterfrontFireplaceFurnished

Engel & Völkers Faro - Tavira

+351 938 533 413

Your advisor: Luis Marçalo

Property ID: W-02Y1S2

Location: Olhão, Faro District

This superb property is located right in the town center of Olhao; a municipality with a strong fishing tradition and a deep emotional connection to the Ria Formosa. The town has a new seaside promenade area, a marina and a recreational port with private mooring as well as ferries/water taxis that make daily crossings to the beautiful islands of Armona, Culatra and Farol. Olhão is famous for its fresh fish and high-quality sea food market as well as for open-air markets selling local products and there are many fine-dining restaurants. In this municipality is Quinta de Marim, known for its work in preserving all kinds of natural species from the Ria Formosa Natural Park. In addition to restaurants, this city offers a wide range of services and amenities such as public and private schools, the International Clinic of Olhão, Ria Shopping Mall, pharmacies, banks, bus and train stations as well as public swimming pools. In recent years Olhão has been discovered by many foreigners and chosen by artists looking to establish their studios. The municipality comprises the parishes of Olhão, Pechão, Quelfes, Moncarapacho and Fuseta. With a history closely tied to the canning industry, Fuseta is now highly sought after by water sports enthusiasts, including sailing, windsurfing and kitesurfing. Olhão is a 10-minutes’ drive from the Colina Verde Golf Course, has easy access to the A22 highway (Via do Infante), and is located approximately 20 minutes from Faro International Airport.

Commission details

The Amounts related to outstanding fees of any kind, as well as registration costs for leases, must be paid by the owner. The mediator commission must be paid by the owner, as stipulated by the Portuguese law. Property availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot guarantee that it is accurate or complete at any time, therefore it cannot be relied to us any responsibility regarding that. This offer is subject to errors, omissions, price changes or withdrawal without notice, and it cannot be relied to us any responsibility for that.