This exclusive property, situated in the historic area of the Barreta district, is just a 4-minute walk from the famous traditional markets, cafes, bars and restaurants, as well as the marina and pier to the islands of the Ria Formosa and just a 16-minute drive from Faro International Airport. The property extends over a total area of 549.1 m², plus 161.0 m² on a plot of 272.1 m², including a private interior garage. The space is unique in that it combines three separate lots, already with approved architectural projects and a building permit. This property has the potential to become a luxury boutique hotel or a luxury private residential retreat, where its designs have been created by a renowned Portuguese architect, seeking to enhance the elegance and high ceilings of the property - 3.15/3.40 meters on the ground floor and 3.60 meters on the ground floor. Optional skylights can flood the space with natural light and ventilation, creating an inviting atmosphere throughout. The terrace with sea view offers the possibility to build a swimming pool Do not miss the opportunity to acquire this property with a privileged location, active building license, and being able to start construction immediately. An excellent business opportunity! Categoria energetica: B