For those exploring business opportunities that include residential space in the East Algarve, this property in Estoi is a prime candidate. Available for €750,000, it features a licensed restaurant along with two renovated apartments, perfectly positioned to leverage the active tourism in the area. The restaurant accommodates up to 53 guests, complete with a modern kitchen and dual entrances, offering plenty of flexibility for various business models. The two independent apartments provide ideal living quarters for owners or staff and have their own outdoor terraces, ensuring a charming atmosphere. Given its location near local landmarks like the Pousada de Estoi and just 15km from the beach, this property could serve both the local community and visiting tourists effectively. The combination of commercial and residential spaces offers an excellent investment opportunity for entrepreneurs seeking flexibility and potential for high returns. Get in touch with us today to discuss this prospect further!
• Not in Operation
• Usable area 242m²
• Fully equipped and licensed
• 2 apartments above
• Town centre
• Distance to Beach: 15km
An attractive building including a commercial business on the ground floor plus 2 apartments above. It is located in a very interesting region, very close to the newly renovated Pousada (hotel) in Estoi in the East Algarve.
The ground floor offers a completely equipped and licensed restaurant, above there are 2 apartments - both are ideal for the restaurant owner/staff or to be rented out.
The restaurant offers 53 seats, is fully equipped with two entrances, separate toilets, storage facilities, kitchen and terrace. Built in a Moorish style with an equipped bar, this business could offer lots of interesting possibilities such as
• a breakfast coffee shop
• a lunch restaurant
• a coffee/afternoon tea/cake shop
• a Happy Hour bar from 5pm onwards
• a dining restaurant
• a bar from 10pm onwards
• a take-away restaurant/cafe
There is a two bedroom apartment with huge terrace of approx. 80m² and a studio apartment with a mezzanine, big terrace and sea views.
Check the Pousada´s prices and you see your chances right away, it will tick all the boxes!
Amenities
• Air conditioning
• Double glazing
• Roof terrace
• Storage facilities
• Off road/local parking
• Built-in wardrobes
