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Attractive business idea with accommodation in Estoi, East Algarve

561,000 $
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Land area: 142 m²
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Features
  • Built in 2005
  • Balcony or terrace
  • Furnished

• Usable area 242m²

• Fully equipped and licensed

• 2 apartments above

• Town centre

An attractive building including a commercial business on the ground floor plus 2 apartments above. It is located in a very interesting region, very close to the newly renovated Pousada (hotel) in Estói in the East Algarve.

The ground floor offers a completely equipped and licensed restaurant, above there are 2 apartments — both are ideal for the restaurant owner/staff or to be rented out.

The restaurant offers 53 seats, is fully equipped with two entrances, separate toilets, storage facilities, kitchen and terrace. Built in a Moorish style with an equipped bar, this business could offer lots of interesting possibilities such as

• a breakfast coffee shop

• a lunch restaurant

• a coffee/afternoon tea/cake shop

• a Happy Hour bar from 5pm onwards

• a dining restaurant

• a bar from 10pm onwards

• a take-away restaurant/cafe

There is a two bedroom apartment with huge terrace of approx. 100 m² and a studio apartment with a mezzanine, big terrace and sea views.

Check the Pousada´s prices and you see your chances right away, it will tick all the boxes!

Features

Parking: Parking outdoors

Heating-Cooling System: AC

Amenities

• Air conditioning

• Double glazing

• Roof terrace

• Storage facilities

• Off road/local parking

• Built-in wardrobes

Energy Certificate:

Location

• Distance to Beach: 15km

Statistics in Faro (city)

Price per m², $
2,452
Safely rate
74
Index 74 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 2,452.38
Apartment in a bedroom community, m² 2,040.7
Transport Price, $
Public transport, 1 ride 2.53
Monthly travel card 33.68
Taxi, 1 km 0.72
Petrol, 1 l 1.67
Food Price, $
Water, 1.5 l 0.55
Milk, 1 l 0.74
White bread, 500 g 1.12
Eggs, a dozen 1.8
Chicken fillet, 1 kg 6.39
Education Price, $
Kindergarten, per month 449.1
International school, per year 10,062.65
Security index
Crime rate 20.45
The risk of being robbed 32.5
The risk of car theft 30.0
The risk of break-in and property damage 43.18

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Kseniya Kolesnikova
Kseniya Kolesnikova
Real Estate Expert
+44 17 4822 0039
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