Stand - Faro, Albufeira

Urban land of 115.85sqm, with two semi-detached ruins to renovate. The two ruins have 2 floors and are viable for expansion, subject to approval from the competent institutions.
The existing renovation potential is enormous, allowing new owners to adapt the properties to their tastes and needs. With the semi-detached layout of the ruins, they can be renovated into two T2 apartments with a total construction area of ??168.30m2 or, together, combined to form a single, large family house.
The property is located in the center of Paderne, a village that already has its own “Strategic Urban Rehabilitation Program for the Village of Paderne” (PERU_AP) and is located in an area classified as an “Urban Rehabilitation Area” (ARU), which allows investors to obtain excellent tax advantages (in terms of IMI, IMT, VAT and IRS).
Paderne is a historic village known for its tranquility, archaeological and musical culture, for its character and authenticity, where there are several cafes, regional restaurants, local shops and services (CTT, GNR, Church, etc.), which allow its residents to enjoy the community life and the culture of a typical village in the Algarve interior.
Located just 15 minutes from Albufeira and Vilamoura, their beaches, golf courses, restaurants, supermarkets and other services, with quick access to the motorway and 35 minutes from Faro international airport, this is an ideal property for permanent use, for holiday enjoyment or for investment.
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