If you are interested in an exceptional investment in Faro, this is the opportunity you have been looking for! This impressive building, which has 30 suites, is divided into three floors and is located in the heart of the city. Built in 1961, the building is undergoing a complete renovation, including the application of capoto on the exterior walls, ensuring not only energy efficiency but also a modern look. The finish of the ground floor will be at the discretion of the buyer, allowing customization according to their preferences. The work is expected to be completed in early 2025, ensuring that each suite meets the expectations of contemporary needs, without losing the historical charm that the property has. The proximity to the Marina, just a few minutes' walk away, adds even more value to the property, making it an attractive option for tourists looking to explore all the beauties that Faro has to offer. The central location of this property provides easy access to a wide range of amenities, such as supermarkets, pharmacies, theaters, and restaurants, with over 30 points of interest within walking distance. This convenience not only ensures a steady stream of visitors but also provides a practical and enjoyable stay experience for future guests. This building represents not only a promising investment opportunity, but also the chance to start your own business, whether as a hotel, residential, or other type of venture in the hospitality industry. Additionally, it is important to note that the property is located in an urban rehabilitation zone (ARU), which offers a series of tax benefits to the owner. If you're ready to take the next step towards owning this magnificent building in Faro, don't pass up this chance! Please contact us for more information and to schedule a visit to the property. Remember, the sale of the building is linked to the acquisition of the shares of the company that owns it, which makes this opportunity even more unique.