Algarve, Portugal - Investment Property for Sale

For sale, investment property comprising of a new Villa and Restaurant, 5 miles from Faro and 1 mile from Olhao,
The buildings are joined but can be sold separately

Exterior of the restaurant
Pictured above is the restaurant
Click on the photograph to go to a larger picture

The restaurant is fully equipped, with a large modern kitchen, separate staff room with shower and toilet, ladies and gentleman's toilets.

There is a large car park, 800 sq metres, and attractive outside terrace for dining, with natural shade from almond trees. 


The restaurant has a beautiful dining room, with bar and seating for 48 people. It has exposed beam ceiling.

The rent is 1,500 euros per month, which is annually reviewed.  There is a sitting tenant on a 3 year lease.

Note: The tenant does not own the business, he rents the building and the business itself.
 

Interior of the restaurant
Restaurant dining area with bar
Click on the photograph to go to a larger picture

Exterior of the house (which adjoins the restaurant)
The house (which adjoins the restaurant)
Click on the photograph to go to a larger picture

The house has 2/3 double bedrooms, fully fitted Whirlpool kitchen, 2 bathrooms, laundry, sitting room with slow log burner.

  Outside is a very large terrace, with BBQ, and small swimming pool/Jacuzzi.

The garden is 400 sq. meters.


Both properties are fully double glazed, and have all necessary paper work and licences in order.

The house could be used as a holiday letting property, which would bring an estimated income of 20,000 Euros annually, or could be used as a residence.

The price for the two properties together is 500,000 Euros
or

The price for the house is 240,000 Euros
or
The price for the restaurant is 260,000 Euros

Click here to go to a useful currency converter guide
 

For further information about either or both the above properties,
please contact Pam Pardo on:

Tel: +351 917819336
Fax: +351 289 721699

or send an e-mail to: pam@pampardo.com