The cost of this exceptional restaurant and apartments in East Algarve is €750,000, which presents significant potential for lucrative returns. Positioned conveniently within Estoi, this property features a fully equipped restaurant accommodating 53 diners and two independent, renovated apartments above, ideal for additional income.
Investors can benefit from the local tourism influx, with the seaside just 15km away, bolstering occupancy rates and customer patronage. The commercial space is versatile, catering to different dining experiences—from breakfast services to evening dining and even bar operations, providing various revenue streams.
The ground floor restaurant includes modern amenities such as storage facilities, a high-function kitchen, and two separate entrances, ensuring great accessibility. The charming architecture, reminiscent of Moorish design, adds character, making it appealing to both locals and tourists alike.
Above, the accommodations include a spacious two-bedroom apartment and a quaint studio, each with ample outdoor space, offering stunning views and an attractive lifestyle for potential tenants or staff. This combination not only maximizes investment returns but also enhances the quality of living for restaurant owners. Don’t miss the chance to explore this prime investment; contact us today to learn more!
• 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
