DETAILS

• Energy Efficient Rating: B
• Status: For Sale
• Condition: Used
• Price: € 749.000,00
• Nr of Bedrooms: 3

• Garden
• Furnished
• Internet/Wifi
• Restaurant
• Roof Terrace

DESCRIPTION

REAL ESTATE, BUSINESS & GOOD WILL
Successful semi-rural business and home for sale, perfectly situated in the central Algarve close to all major transport arteries. Experience the real Portugal in this typically Portuguese village, only 20 minutes from the beach. Very loyal customer base covering the whole of the Algarve.
Only scratching the surface of its potential with consent to convert existing buildings into a two bed/two bath rental house with far reaching views to the sea.
In the restaurant there is potential to more than double revenue on dining as currently only serving lunch.
The property was totally re-modelled in 2016/2017, including conversion of barn into a 2/3 bed owners' house with pool and private garden.
The property also includes two separate pieces of agricultural land currently planted with assorted fruit and nut trees and an orange grove with over 100 trees.
A golden opportunity to truly live your dreams here in the sunny Algarve, all the hard work has already been done, all licences and paperwork are in order, turn the key and you are in business.
This is a freehold mixed use property housing the business and private residence separately. Outdoor terraces front and back to the business space, large private garden with pool for the residential space.
An architect is currently working on plans for the accommodation space. The owners are continuing with their ongoing schedule of development and decoration through the forseeable future.
Huge potential to expand food service to include dinner and Sunday lunch. On completion of the letting space the sky literally is the limit you could instantly become a full service, small hotel.
There is an ever growing international market in the area with both retirees of all nationalities and holidaymakers. Supplemental to this there is an incredibly loyal Portuguese clientele who live and work close by.
For further information or to schedule a viewing please don't hesitate to get in touch. Price on application.