INVESTMENT IN FARO CITY CENTER Ruin + Project for a 9-Bedroom Guesthouse with Pool, Patio, Garage, and Terrace ​Property for sale with a ruin for total reconstruction, including an Architectural Project with licensing already approved by the Faro City Council. Construction is ready to start in the very short term. ​🏆 Immediate Advantage for the Investor ​Skip the Bureaucracy: Purchase the property with the project already approved, saving months of paperwork. ​Double Profitability Potential: ​Operate as a 9-bedroom Guest House in the heart of Faro. ​Possibility to convert into 3 independent apartments. ​📍 Premium Location ​Prime Access: Less than a 5-minute walk from Downtown, Faro Marina, Rua de Santo António, and the main shopping district. ​Historical Charm: Located in a Protected Zone within the Historic Center’s Riverside District (Bairro Ribeirinho), next to the Convent of Santo António dos Capuchos. ​Modern Infrastructure: Situated on a fully refurbished street with brand-new water and sewage systems. ​🏗 Project Details (Official Data) ​Intended Use: 9-Bedroom Guest House ​Gross Construction Area: 299.95 m² ​Plot Size: 160.20 m² ​Includes: Garage (20.55 m²), Swimming Pool (8 m²), Panoramic Terrace (71.60 m²), Patio (47.15 m²), and 9 suites with private bathrooms. ​📈 Profitability Potential ​The 3-story structure allows for the creation of 3 independent apartments. ​High demand in the area for Guest Houses, premium short-term rentals, or long-term leasing. ​🎯 Ideal for: Investors, developers, or tourism entrepreneurs looking for a scalable, high-return project in the capital of the Algarve. Price Negotiable.