Mixed Use Building With High Profitability Potential | Light Of Tavira

Three distinct components in the same building — catering, commerce and housing — give this building an unusual versatility to develop a project with different uses.

Located in Livramento, in Luz de Tavira, the property benefits from a high visibility position next to a traffic light intersection and on a road with regular circulation. This exhibition is a relevant advantage for activities that depend on recognition, accessibility and direct contact with the public.

The ground floor includes a fully licensed restaurant, currently prepared to resume activity. The space has a large dining room, bar area, large professional kitchen, three toilets and several support and storage areas.

The existing organization makes it possible to recover a restaurant activity without starting from an empty commercial space, although the reopening must comply with all licenses, inspections and legal requirements applicable at the time.

Adjacent to the restaurant is an independent commercial space. The physical separation between the two areas allows for the installation of a complementary or autonomous activity, according to the existing license and the approved use for the space.

On the first floor there is an apartment with approximately 300 m², currently consisting of five bedrooms, a large living room, kitchen, two bathrooms and a large outdoor terrace.

The generous areas and the configuration of the floor offer room for a remodeling oriented towards a large family housing or other solutions, always subject to urban viability, licensing and legally required authorizations.

The terrace adds an extensive outdoor area to the house, and can function as a leisure, dining or socializing area.

The existence of accesses and spaces with different uses allows different occupation models to be considered within the same property, reconciling a commercial component with a residential area.

Due to the combination of a licensed restaurant, independent commercial space, large housing and road exposure, this building presents a concrete basis for a business or real estate project in the Eastern Algarve.

Any change in use, fractionation, tourist exploitation, creation of independent units or implementation of Local Accommodation must be previously confirmed with the competent authorities.

KEY FEATURES
Mixed-use building
Location in Livramento, Luz de Tavira
High visibility position at traffic light intersections
Fully licensed restaurant
Dining room, bar and professional kitchen
Three sanitary facilities and support areas
Independent commercial space
Apartment with approximately 300 m²
Five bedrooms, living room, kitchen and two bathrooms
Large outdoor terrace

Properties that combine a licensed restaurant, a second commercial space and a dwelling of about 300 m² are difficult to find on the same property. Request documentation and schedule a visit to evaluate this solution before missing an asset with this diversity of uses.