Prestigious heritage building in the city centre with secure tenancy, 650 sqm offices, terraces and income streams, delivering long-term returns stability.An exceptional opportunity to acquire a protected historic property combining architectural heritage, long-term income security, and prime city-centre positioning. This distinguished building offers investors and discerning buyers a rare blend of prestige, stability, and enduring value. Property Overview- Iconic historic building originally constructed in 1797- Extensively reconstructed in 1941 and fully upgraded in 2011- Professionally supervised refurbishment with technical documentation available- Protected heritage classification by Câmara Municipal de Faro- Approved change of use to office accommodation- Approx. 650 sq.m. of internal floor area across three levels- Additional terraces, enclosed garden and parking area (not included in internal size) Location and Lifestyle Appeal- Prime setting within Faro's historic old town- Walking distance to cultural landmarks, restaurants, marina and transport links- Prestigious address enhancing corporate and institutional appeal- Strong demand for centrally located office and mixed-use assets- Gateway to the Algarve's business, tourism and lifestyle economy Architectural Heritage and History- Originally built as a private residence for the Fonseca family- Later served as the Palace of the Bishop of Faro- Recognised for significant cultural and architectural importance- Carefully preserved character blended with modern infrastructure- A rare example of adaptive reuse within a protected urban setting Internal Layout and AccommodationGround Floor- Main entrance via Rua da Misericórdia- Reception and waiting areas- Multiple spacious office rooms- Staff and public restroom facilitiesFirst Floor- Access via internal staircase and external garden staircase- Twelve individual offices- Three bathrooms- Covered and open terracesSecond Floor- Accessed from first-floor terrace- Additional private terrace- Compact office space, ideal for executive or support use Technical Features and Condition- Comprehensive air-conditioning system- Fire detection and intruder alarm installations- Modern building services throughout- Very good overall structural and functional condition- Internal fit-out and routine maintenance managed by tenant Secure Tenancy and Income Profile- Fully leased to the Governo do Brasil since 2012- Long-standing institutional tenant- Consistent and reliable rental income- Low management involvement for owners- Strong covenant enhancing long-term investment security Additional Income AssetAdjoining House Rua do Albergue No. 23- Separate residential unit included in the portfolio- Licensed as Alojamento Local (AL)- Professionally managed by a letting agent- Generates supplementary short-term rental income- Enhances yield diversification and revenue resilience Investment Highlights- Rare protected landmark property in Faro's historic centre- Institutional-grade tenant with proven long-term occupancy- Dual-income structure: office lease + AL unit- High barriers to entry in heritage locations- Strong capital preservation and appreciation potential- Ideal for income-focused and heritage-minded investors A Distinguished OpportunityThe Noble House represents a compelling acquisition for investors seeking a prestigious historic asset with dependable returns, strategic positioning, and exceptional long-term prospects. Combining cultural significance, modern functionality, and secure tenancy, this property stands as one of Faro's most distinctive investment offerings.For detailed documentation, financial information, or to schedule a private viewing, please contact Engel & Völkers Faro-Tavira. Our experienced team is at your service to guide you through a successful investment process. Energy Rating: B- ref:W-047V8H

House with garden and terraceFaro (Portugal)
Price :
$5,141,200

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Energy Performance Certificate

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