Portimao Portimao ( Faro, PT - 00)

€1,850,000 EUR

Villas Luz, Lda.

Helena Polleri (+351) 919054792 (Office) (+351) 262990514 (Fax) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Lot Size: 600 sq. m.
  • MLS #: AO-COM-SC-0005

Description

Huge beachfront restaurant and bar for sale in Portimao
Ref. AO-COM-SC-0005
Region: Algarve – South Portugal
Location: Portimao
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.
Brokers personal note:
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.
Price: €1.850.000

Attachments

Features

Exterior Finish

  • Brick
  • Glass

Roof

  • Other

View

  • Ocean View

Appliances

  • Hood Fan
  • Oven Range
  • Refrigerator
  • Stove
  • Washer

Cooling

  • Other

Heating

  • Other

Sewer/Water Systems

  • Other
P2#82682926
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Information is deemed to be correct but not guaranteed.