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Why should I consider buying a restaurant with two apartments in the Algarve?

Restaurant in Estoi

ref. SB1177
8.830.810NOK
  • B-
  • 2
  • 2
  • 142m2

Buying a restaurant with two apartments in the Algarve presents a unique opportunity, especially with this stunning property available for €750,000. This attractive establishment features a fully equipped restaurant that accommodates 53 diners, paired with two independent apartments upstairs, making it perfect for owners or employees. Located in the scenic Estoi, just a short drive from the beach, this property offers not just a commercial prospect but a chance to enjoy the vibrant local culture and incredible climate. Investors will be excited to discover the rental potential of the two apartments, each with its terrace offering beautiful views. The restaurant's modern facilities include a separate kitchen and storage areas, ready to cater to a variety of culinary needs. This property’s design reflects Moorish influences, creating an atmospheric dining experience, ideal for both locals and tourists. With the additional income potential from the apartments, this property stands out as an ideal investment, combining lifestyle and work. Thriving tourism in the Algarve ensures a readymade clientele, enhancing the appeal of this versatile investment. Explore the possibilities today and take the first step towards owning this unique dual-purpose property. Contact us for a viewing!

Usage
Commercial
Type
Restaurant
Town
Estoi
Parish
Conceição e Estoi
Municipality
Faro, Faro
Region
Algarve (East)
Construction Year
2005
Rooms
4
Bedrooms
2
Bathrooms
2
Floors
3
Furnished
Fully
Surface area
242 m²
Plot Area
142 m²
Parking outdoors
Own Entrance, Open Plan, Electric Hob/Oven, Dishwasher, Fridge/Freezer
Laundry, Utility Room
Bedroom 1
First Floor, 2 Bedrooms, Fitted Wardrobe
Bedroom 2
Second Floor, Studio Apartment, Fitted Wardrobe
Guest Toilet, Family Bathroom
Mains water, Mains electric, Mains drainage, Gas Bottle
Wooden Shutters, Double glazing
Town View
• 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

Location

• Distance to Beach: 15km

Other Info

Restaurant currently not operational.
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