Block of flats in Silves of 168 m²

Classic two-story building, located on the avenue of the historic city of Silves.

Corresponding to the traditional composition of manor houses, commonly consisting of a ground floor dedicated to commerce and the first floor intended for habitation.

It features a construction characterized by thick stone walls, promoting self-regulation in terms of energy, window frames and glass shutters with wooden frames, as well as shutters and doors.

With a fully operational commercial area, what was once the goods reception dock in previous times is still visible inside, with a well that would have been the food cooling area, now presenting a hall that develops around this historical element.

The reception and living area is composed of 3 different levels, differentiating private ambiences, for socializing and dialogue, one of them elevated on a mezzanine for tasting moments. While the lower level connects to a terrace that allows for enjoying the outdoor riverside space.

The first floor comprises a spacious apartment with a view over the River Arade, with a living room and bedroom area surrounded by large windows with ample natural light entry.

The living room with fireplace and dining room in a common space, a separate kitchen, and a bathroom with two compartments.

On the 2nd and last floor, a en-suite bedroom with a spacious terrace and panoramic views of the River Arade and its historic bridge with its arches, forts, and buttresses reminding of the city's history.

Building integrated in the historic center of the city with all its local commerce and pedestrian streets, a quiet and peaceful neighborhood life, with free parking nearby.


Building
Specifications

Restaurant, ground floor
Mezzanine: 20m2
Lounge: 54m2
Service Area: 15m2
Terrace: 20m2

Gross Area: 85m2
Usable Area: 72m2

Apartment, 1st floor
Living Room: 42m2
Bedroom: 8m2
Kitchen: 10.5m2

Apartment, 2nd floor
Ensuite Bedroom: 21.30m2
Terrace: 44m2

Gross Area: 127m2
Usable Area: 95.88m2

Total of the Building:
Gross Area: 212.70m2
Usable Area: 168.21m2

In the heart of the city's green area, with the riverbanks and the riverside promenade with its green structures and various facilities for children, physical activities, and leisure, such as paddle tennis, playground, and geriatric park, swimming pools and sports complex, skate park, basketball hoop, pontoons for approaching the river surface.

Located in the Downtown area of the city, perfectly framed in the historical ambiance of the city's riverside, integrated into an ARU space that promotes the maintenance and balance of historical spaces with the contemporary, allowing the owner to enjoy all the advantages and benefits of fiscal programs, financial support for rehabilitation, leasing, and others.

An excellent investment opportunity, with the possibility of capital appreciation and living in the historic city of Silves.
Silves was the first capital of the Algarve, with layers of history revealing occupation since the times of various peoples - Phoenicians, Romans, Muslims, and Christians.

Its geographical position was decisive for its development throughout history.

Classified as a strategic point of connection between the coast, the sea, the major maritime and land transport routes, it still breathes in the town square, in the medina walls, in the cistern, in the castle, in the cathedral, and in the layout of the old town.

And even today its short distance to the County's Beaches - Carvoeiro, Benagil - and the beauty of the Algarve coast, allows easy access without the summer crowd and its hustle and bustle bothering your daily life. Close to public and private educational establishments - the International School of the Algarve NOBEL and the German school, it can be a reason for families to live in Silves.

The city of Silves is recognized for the concept of Slow-City (Cittaslow), which originated in Italy and today is a worldwide and contemporary movement that values a way of life that promotes well-being, personal, social, community, and environmental development.

Slow Cities present themselves as havens from the frenzy of modern life, they should not have more than 50,000 inhabitants, which corresponds to a small-sized city, implementing programs aimed at reducing noise in the city, traffic control, increasing pedestrian areas, and defending their local products. This is through the combination of the contemporary with its current reality and the space with its history and identity, the goal of slow cities is the combination of the best of both worlds.

The 'Slow City' category is thus a quality seal that denotes commitment and a reference point for residents, tourists, and investors who expect from the city credibility regarding sustainability for both inhabitants and nature.


As an independent consultant of the real estate agency IAD, I am 100% available, by phone or email, to provide any additional information about this property and schedule a more detailed visit to it.

If you are a professional in the sector and have a qualified buying client, contact me and schedule your visit, as I establish business sharing with any consultant or real estate agency.