Investing in a turnkey restaurant with living accommodation in Portugal has never been more appealing than with this property near Monchique. Priced at €310,000, this operational restaurant combines business and lifestyle in a stunning Algarve setting. The property is set in an elevated area, ensuring visibility to passing customers and easy access to nearby Monchique, which is just 8km away.
Covering a total area of 206m², the restaurant is fully operational with a capacity to seat over 20 patrons. It features a rustic kitchen, small bar, and a cosy inside layout for visitors. The adjoining cottage provides a living space comprising of 2 bedrooms, perfect for owners or additional rental income opportunities. Although some refurbishment is required, the cottage holds great potential for creating a superior living environment or guest accommodations.
The expansive plot of 3,640m² offers fertile land, equipped with a well for irrigation, making it easy to grow your own produce, including olives. With approximately 1000kg of olives produced annually, this property could significantly enhance its dining offerings. Relish the peaceful lifestyle while benefiting from proximity to amenities and the picturesque beaches just 35km away.
This investment is ideal for buyers looking to diversify their portfolio and dive into the thriving hospitality market. Reach out to us for more details or to schedule your viewing today!
• Restaurant in Operation
• Living area house 93m² and restaurant 113m²
• Construction 206m²
• Plot size 3.640m²
• Year of construction 1993
• 2 bedrooms 1 bathroom in house, 2 WC in restaurant
• Wood burner in restaurant
• Views to the hills and countryside
• 35km to south coast beaches
This traditional restaurant has been running successfully for 27 years but is ready for new owners. There is plenty of fertile land with well water so that produce could be easily grown and there are olive trees producing about 1000kg per annum, some of which are used for the table and some for oil.
The adjoining house needs refurbishment but has water and electricity along with a loft space reached by a staircase.
• One room restaurant with seating capacity of at least 20 pax
• Small bar and old style kitchen
Amenities
• Mains water and electricity
• Septic tank
• Well water for irrigation
• Good internet
• Wood burner in restaurant
Location
8km to Monchique with all amenities
35km to south coast beaches
89km to Faro airport
