Beachfront Restaurant and Bar for sale in Algarve

Email: info@villasluz.com

AO-COM-SC-0005
Villas Luz Portugese Real Estate Agency

Commercial - Seafront Property - Algarve - Portimão

2,400,000.00 €

REF: AO-COM-SC-0005

A rarity to find on the market, a huge running beachfront restaurant and bar for sale in the South of Portugal, the Algarve. 320 pax divided in 2 outside areas (esplanades) and the inside area. The 2 esplanades are right in front of the sea with unspoiled views. The building is divided in 3 levels, the ground floor with the actually running restaurant and bar plus outside sitting areas, the first floor with the full equipped kitchen, corresponding 100% to the actual laws and also the other huge part, or said in other words the continuity of the restaurant which is actually closed. The third floor could be easily converted in a “outside cocktail bar” with amazing 360° ocean views. Here is your unique opportunity to purchase a longlasting secure business in the South. Take your chance and don’t look behind. Text copyright villasluz.com. For more information contact us through info@villasluz.com.

1 minute walking time to the beach (beachfront); 2 minutes driving time to the center of Portimao; 2.5 hours driving distance to the international airport of Lisbon; 45 minutes driving distance to the international airport of Faro.

Property type: Restaurant and beach bar + possibility of extension. Plot size: approx. 600m2. Total constructed area: approx. 500m2 on one level (including the 2 esplanades). Main building: approx. 300m2 (in 3 levels – total of 900m2). Each esplanade (covered outside sitting area): 100m2 (total 2 esplanades 200m2). Status: Resale. Status: In activity. Total levels: 3 (including top). Wheelchair friendly. Reason for selling: The father has died. Ground floor: 1 esplanade with 120 pax on the front (facing the beach); 1 esplanade with 120 pax on the back (facing the beach); Interior restaurant with 80 pax and bar area. Second floor: Huge space which was the other restaurant and the kitchen. For the moment this space is not used due to the circumstances of the actual owners. Top floor: Possibility to create a cocktail bar. Highlights: Fully equipped kitchen and working areas. Fully equipped frozen areas. Fully equipped bar, restaurant and outside sitting areas. Business in full activity. Possibility to double the income through extension to the second floor and the top floor. Unique location.

The type of commercial property which is very difficult and rarely on the market. The property is sold half price of its value due to the emergency of the actual owners who are not so familiar with the business and are overcharged. A great seafront business in Portugal’s tourist main spot, the Algarve.

Energy Certification :

Energy Certificate in Progress

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Contacts

Villas Luz Portugese Real Estate Agency

Head Office

Avenida Marginal, Edificio Infante I, Loja 5 - 26I
2460-096 São Martinho do Porto
Portugal

Office: (+351) 262 989 452
Mobile:  (+351) 919 054 792
Fax:  (+351) 262 990 514

Coordinates:  39º30'30.66" N  |   9º08'02.81" O

Villas Luz Portugese Real Estate Agency

Silver Coast Agency

Rua Francisco Almeida Grandela 10
2500-487 - Foz do Arelho, Caldas da Rainha
Portugal

Mobile: (+351) 915 599 242
Office:  (+351) 262 979 267

Coordinates:  39º26'07.50" N  |   9º12'57.95" O

Villas Luz Portugese Real Estate Agency

Algarve Agency

Rua do Movimento das Forças Armadas, 111
8200-157 Albufeira
Portugal

Office: (+351) 289 035 338
Mobile:  (+351) 918 946 588

Coordinates:  37º05'26.92" N  |   8º14'51.82" O

This Property is also available in: frFrench, ptPortuguese

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