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What is the cost of a restaurant and home combined in West Algarve?

Restaurant in Monchique

ref. LG1869
317.432£ 258.958£
  • C
  • 2
  • 1
  • 206m2
  • 3.640m2

The combined cost of a unique restaurant and home in West Algarve is €310,000, presenting an excellent investment opportunity for those looking to enter the hospitality sector. This property not only provides an established restaurant that has been successfully operating for 27 years, but also features a 2-bedroom cottage providing comfortable living space. The restaurant includes a bar, rustic kitchen, and room for at least 20 diners—ideal for a personal touch on guest experiences. The accompanying land measures 3,640m², providing ample opportunity to expand in a culinary direction or create a garden landscape. With views towards the beautiful Algarve countryside and proximity to Monchique, this property’s ambience is captivating. Whether you envision a family-run restaurant or a getaway for tourists, this property can serve both purposes effectively. The restaurant is fully operational, bringing in immediate income potential while allowing you to make personal updates. Don't miss the chance to acquire this remarkable property for just €310,000. Contact us now for further insights and to schedule a visit!

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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