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What are the investment opportunities for a restaurant with land near Monchique?

Restaurant in Monchique

ref. LG1869
380.000€ 310.000€
  • C
  • 2
  • 1
  • 206m2
  • 3.640m2

Explore the exceptional investment opportunities presented by this established restaurant and adjoining land near Monchique. With a successful track record spanning 27 years, this property combines a thriving restaurant business with fertile land ideal for growing your own produce. The restaurant offers a generous seating capacity for at least 20 patrons, complemented by a small bar and rustic kitchen, collectively spanning 113m². In addition to the restaurant, the property features a 93m² cottage that can be converted into your home or guest accommodation, presenting a unique opportunity for lifestyle or rental income. The plot encompasses a substantial area of 3,640m², complete with well water for irrigation, ensuring sustainability in your culinary ventures. Situated just 8km from Monchique and 35km from the beautiful Algarve coast, this location is perfect for drawing in both locals and tourists. The surrounding countryside views enhance the appeal, making it a picturesque setting for any restaurateur. With its excellent investment potential, now's the time to seize this opportunity. Don't miss out on the chance to own a business that can benefit from the growing tourist market in the Algarve region. Contact us today to learn more and schedule a viewing!

Usage
Residential
Type
Restaurant
Town
Monchique
Parish
Monchique
Municipality
Monchique, Faro
Region
Algarve (West)
Construction Year
1993
Rooms
5
Bedrooms
2
Bathrooms
1
Furnished
Partly
Living Area
206 m²
Usable area
206 m²
Plot Area
3.640 m²
Tarmac, Easy Access, Turning Space
Parking outdoors
Lounge/Dining
Partly fitted, Rustic
2 Bedrooms
1 Family Bathroom, 2 WC
Fireplace, Log/wood burner
Internet/Phone
Mains electric, Mains water, Septic tank, well
Single Glazing
Private, Natural
Countryside View
• 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

Other Info

The Restaurant is operational
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