The asking price for this unique opportunity to own a restaurant with a cottage and land near Monchique is €310,000. This property is not just a restaurant; it includes a living area and fertile land perfect for agriculture, making it ideal for those looking to own a versatile investment in the Algarve. The current operational restaurant spans 113m², while the living space offers 93m² with two bedrooms and a bathroom, providing comfort for you or guests. Situated just 8km from the scenic town of Monchique, this property enjoys an elevated position, attracting passing customers with its picturesque views of the surrounding hills. The vast plot of 3,640m² also includes well-water irrigation for cultivating produce, which enhances its investment potential. Having successfully run for 27 years, this restaurant has a proven track record and loyal customer base. With an olive grove producing around 1000kg annually, there's an opportunity for additional revenue through locally sourced ingredients. The cottage, while requiring refurbishment, has essential utilities in place, making it perfect for personalisation. Explore the chance to craft a unique dining experience that capitalizes on local produce and the beautiful Algarve landscape. Don't miss out on the potential rental income by converting part of the property into guest accommodations! Contact us now to schedule a viewing and discover the full potential of this incredible investment.
• 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
