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 Faros 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 Algarves 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 Accommodation
Ground Floor
- Main entrance via Rua da Misericórdia
- Reception and waiting areas
- Multiple spacious office rooms
- Staff and public restroom facilities

First Floor
- Access via internal staircase and external garden staircase
- Twelve individual offices
- Three bathrooms
- Covered and open terraces

Second 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 Asset
Adjoining 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 Faros 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 Opportunity
The 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 Faros 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-
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