Commercial property for sale in Alvor, Algarve, Portugal
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Property features
- Total area: 198.75 sqm
- House area: 139.5 sqm
- Condition: Used
Property description
Spread across two floors, the ground floor comprises a fully fitted kitchen, a storage area and two toilets for guests. Upstairs there is another kitchen as well as an additional toilet, bar and storage area.
If you are looking to get into the hospitality industry this restaurant provides the perfect start as it is already well established in the area and comes equipped with all the necessary items in order to jump straight in.
Another option would be if you already own a chain of restaurants or have another one in the Algarve, you could aim to expand even further.
Alvor is a seaside resort and fishing village in western Algarve. The 16th-century Igreja Matriz church rises above the old town, while 3 Islamic shrines, evoking the area’s Moorish heritage.
Cobbled lanes lead down to the paved riverfront, which is lined with bars and seafood restaurants. The wetlands of the Alvor river estuary provide a habitat for resident and migratory birds.
Portimão is the largest city in the western Algarve, and was traditionally a centre for sardine fishing and processing. Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.
Most tourists visit Portimão either for the extensive shopping or excellent public transport but there is a surprising amount to be seen within the city.
Mortgage simulation:
Purchase Price - 500 000€ Purchase Price - 500 000€
Deposit / Down Payment - 100 000€ (20%) Deposit / Down Payment - 100 000€ (20%)
Finance Amount - 400 000€ Finance Amount - 400 000€
Interest Rate - 0.873% Interest Rate - 0.873%
Term / Period - 30 years / 360 months Term / Period - 40 years / 480 months
Monthly Payments - €1263.36 Monthly Payments - 987.58€
ref: IDH32067
Property info
For more information about this property, please contact
Ideal Homes Portugal, on +44 330 038 9555 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ideal Homes Portugal, and do not constitute property particulars. Please contact Ideal Homes Portugal for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.