$642,992

Commercial, Restaurant And Residential Building With Local Accommodation License, Algoz, Silves

  • 5 Beds
  • 5 Baths
  • 2,229 Sqft
  • 3,725 Sqft lot
  • Updated: August 12
  • 2
    Views for last 30 days

About the Property

Excellent investment opportunity in the centre of Algoz, municipality of Silves, in a multifunctional building that combines commercial activity, catering and tourist/residential exploration, benefiting from a Local Accommodation license. The property consists of 2 floors and a large terrace, presenting an excellent solution for those looking to develop a restaurant business simultaneously with an
Excellent investment opportunity in the centre of Algoz, municipality of Silves, in a multifunctional building that combines commercial activity, catering and tourist/residential exploration, benefiting from a Local Accommodation license. The property consists of 2 floors and a large terrace, presenting an excellent solution for those looking to develop a restaurant business simultaneously with an accommodation activity. Ground floor - Restaurant The ground floor has a typical restaurant with approximately 135sqm of floor space, fully equipped and prepared to start activity, dining room with capacity for 58 seats, fully equipped kitchen, functional spaces prepared for the catering service, business ready to operate. 1st Floor - Residential Area The ground floor is intended for the residential/tourist component and consists of 5 en-suite bedrooms, providing comfort and privacy, 2 bedroom flat, with an independent housing solution, excellent potential for tourist exploration through Local Accommodation. Terrace The property also has a terrace, where a laundry room and a support area for the residential component are installed, adding functionality to the set. An investment opportunity with multiple valences The combination of an equipped restaurant, accommodation spaces and residential flat, combined with the existence of a Local Accommodation license, makes this property particularly interesting for own exploration or investment. Located in Algoz, in the municipality of Silves, it is in a strategic location in the Algarve, with good access and proximity to several points of interest in the region. Ideal for investors or entrepreneurs looking for a property with the potential to generate income through different activities, in a single space. Book your visit. REF. 4505 (ref OB-4505)
  • Property type

    Estate

  • Price/sqft

    $288

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Orbial

Joined 3 years ago
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Orbial
Portugal
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36
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2023
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Orbial
Albufeira, Portugal
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Last updated
August 12
First listed
Aug 12
Listing reference
-216426983
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