Investing in this restaurant with apartments above in Estoi is a strategic choice, given its unique offerings and prime location. This property is listed at €750,000, providing a fully equipped restaurant alongside two independent apartments, ideal for staff accommodation or additional rental income. Situated in the heart of Estoi, just minutes from the renovated Pousada, this business can tap into the tourist market while serving the local community.
The ground floor restaurant boasts 53 seats, modern fixtures, and a kitchen designed for efficiency, ensuring a smooth operation. The upper apartments each feature large terraces, providing additional outdoor spaces with potential sea views, enhancing their rental appeal. This property is not just a restaurant; it's a combined hospitality opportunity that caters to multiple aspects of the market.
The culinary scene in the Algarve is thriving, and this location capitalizes on that, with easy access to local attractions and amenities. An investor can leverage the established setup while introducing their culinary concepts—be it a breakfast café or an evening bar.
Additionally, the proximity to the beach—only 15 km—means it can attract seasonal visitors, adding to the revenue potential. With the flexibility of two rental units, the return on investment can be significantly optimized. Seize this chance to invest in a thriving business model—contact us for more details and to arrange a visit.
• Not in Operation
• Usable area 242m²
• Fully equipped and licensed
• 2 apartments above
• Town centre
• Distance to Beach: 15km
An attractive building including a commercial business on the ground floor plus 2 apartments above. It is located in a very interesting region, very close to the newly renovated Pousada (hotel) in Estoi in the East Algarve.
The ground floor offers a completely equipped and licensed restaurant, above there are 2 apartments - both are ideal for the restaurant owner/staff or to be rented out.
The restaurant offers 53 seats, is fully equipped with two entrances, separate toilets, storage facilities, kitchen and terrace. Built in a Moorish style with an equipped bar, this business could offer lots of interesting possibilities such as
• a breakfast coffee shop
• a lunch restaurant
• a coffee/afternoon tea/cake shop
• a Happy Hour bar from 5pm onwards
• a dining restaurant
• a bar from 10pm onwards
• a take-away restaurant/cafe
There is a two bedroom apartment with huge terrace of approx. 80m² and a studio apartment with a mezzanine, big terrace and sea views.
Check the Pousada´s prices and you see your chances right away, it will tick all the boxes!
Amenities
• Air conditioning
• Double glazing
• Roof terrace
• Storage facilities
• Off road/local parking
• Built-in wardrobes
