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What is the cost of a restaurant with land in West Algarve?

Restaurant in Monchique

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

The cost of a high-potential restaurant with land in West Algarve is set at €310,000. This property includes an operational restaurant designed to serve the local community, plus an adjoining cottage that can be converted to suit personal or rental requirements. Comprising a total construction area of 206m², with a restaurant area of 113m² and residential space of 93m², it's an incredible opportunity for those looking to invest in the vibrant Algarve market. With a generous plot size of 3,640m² and fertile ground equipped with well water for irrigation, the possibilities for growth and culinary creativity are vast. This restaurant has been a beloved destination for over 27 years and is ready for new ownership to carry on its legacy or start anew. Being only 8 km away from Monchique and 35 km from stunning beaches, location maximises visibility and accessibility. This investment is further complemented by essential amenities such as mains water and electricity as well as good internet connectivity. Seize this opportunity to own a piece of Algarve’s dining culture while enjoying the benefits of a dynamic lifestyle; contact us for more details!

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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