Discover this exceptional investment opportunity featuring land with a cottage located conveniently near Monchique. The property includes 3,640m² of fertile land and a charming cottage, making it perfect for those looking to develop or grow their portfolio. The cottage consists of two bedrooms and a bathroom, requiring some refurbishing but offering great potential for personalisation or conversion into guest accommodation for extra income. In addition to the cottage, the site houses an operational restaurant with a successful track record spanning over 27 years, presenting a lucrative venture for ambitious buyers. With its proximity to Monchique and breathtaking views of the hills, there's much to attract both locals and tourists alike. The land is equipped with well-water for irrigation, ensuring sustainable growth for any agricultural interests. With beaches only 35km away and all essential amenities in Monchique just 8km away, this location has everything to create a vibrant lifestyle while maximizing your investment potential. Act now; opportunities like this don't last long! Contact us to explore your investment possibilities.
• 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
