Mixed-Use Property in Central Faro with Investment Potential
€4,680,000€4,680/m²
0
bedrooms
0
bathrooms
1,000 m²
interior
Mixed Use Property
property type
29 May 2026
listed
The Habio take
AI summaryThis recently renovated mixed-use property in the heart of Faro offers an attractive investment opportunity, featuring three studio apartments, two one-bedroom apartments, and two commercial units. Located near shops, restaurants, and just a short drive from the airport, it’s perfect for both residential and business use.
- city
- investment
- remote work
Highlights
- Fully furnished and equipped
- Three studio apartments and two one-bedroom apartments
- Commercial units with bar/cafe license
- Private terraces for all apartments
- Spacious co-working area available
Worth knowing
- No specific parking information provided
- Potential ongoing management required for commercial units
Good fit for: Ideal for investors seeking a mix of residential and commercial income.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 70
- Value
- 65
About this place
Residential and commercial building for sale
This recently renovated residential and commercial building is situated in the centre of Faro, near to local amenity including shops, restaurants, supermarkets and only a short drive from the airport. The building has been completely renovated including all new plumbing and electrics, to a high quality standard and is sold fully furnished and equipped.
The property includes three studio apartments with a build area between 60-90sq m, two 1 bedroom apartments with a build area of approximately 150sq m and two commercial units.
All the apartments include AEG equipped kitchens and private terraces looking out onto the charming town.
For the commercial units, one has a license for a bar/cafe with 2 WCs and private access to a spacious co-working area in the lower level with a capacity of up to 75 people. The other commercial unit includes an office with 2 WCs and also provides access to the co-working space.
Ready to move in, this property presents a great investment opportunity.
EPC Rating: C
Please note all distances and measurements are approximate and for security reasons, are not representative of the exact location of the property. For more information on the precise location of the property and its surrounding area, please contact the listed Property Adviser.
Features: Air Conditioning, Town/City
Where you’ll be
Faro, Portugal, Portugal
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Portugal
Portugal is open to foreign buyers with no restrictions on ownership. A NIF (tax number) and Portuguese bank account are required, and most buyers engage an independent lawyer to handle searches, contracts, and the public deed.
- 1
Get a NIF
Apply for a Portuguese tax number (Número de Identificação Fiscal). Non-EU residents need a fiscal representative.
- 2
Open a bank account
Open a local account to handle the deposit, taxes, and ongoing utility payments.
- 3
Engage a lawyer
Hire an independent lawyer (not the seller's) to run title and planning searches.
- 4
Sign the CPCV
Promissory contract (Contrato de Promessa de Compra e Venda) with a deposit, typically 10–30%.
- 5
Final searches & funds
Lawyer confirms clean title; you transfer the balance and pay IMT and stamp duty before completion.
- 6
Escritura (deed)
Sign the public deed at a notary or via online platform Casa Pronta. Keys handed over.
- 7
Register the property
Lawyer registers the new ownership at the Land Registry (Conservatória do Registo Predial).
The Golden Visa programme no longer accepts residential real estate as a qualifying investment (changed 2023). Mortgages are available to non-residents, typically up to 60–70% LTV.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
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