Investing in this dual-use property in Estoi, Algarve presents numerous opportunities for savvy buyers. The property features a turnkey restaurant fully equipped on the ground floor, complemented by two independent, renovated apartments above. This setup not only allows you to establish a dining business but also offers living space or rental opportunities, making it highly appealing for investment. The restaurant can accommodate 53 patrons, providing a strong foundation for various culinary offerings, catering to both locals and tourists. Positioned near the vibrant Pousada and within close proximity to the beach, your investment benefits from the region’s tourist appeal. Each apartment features expansive terraces with sea views, enhancing the potential for appealing short-term rentals. Operators can optimise the property's versatility, enhancing income through food services and accommodation options. The local community offers a warm atmosphere conducive to building customer loyalty. Coupled with an attractive price of €750,000, this opportunity embodies the potential for excellent returns and lifestyle perks. Don't wait; properties like this are rare! Contact us right now to learn how this dual-use property can align with your investment goals!
• 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
