€520,000

Commercial/Office Space for sale Portimão
Property photo number 1 of 6 Photos for Property. File 70194518_1425_d4400564b105d1d690ca68d26dc9011b.jpeg

Overview

SUMMARY: Discover an opportunity with this Portimão commercial/office space for sale and available for €520,000. This could be your next ideal home or a smart investment. More details await.

A fully operational restaurant for sale in Alvor, situated within the towns centre this property has a total size of 198,75m2 and is capable of providing seating for forty-six guests in the main lounge and an additional forty on the upstairs

terrace. 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 areas 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 Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.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

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Details

  • Beds: 0
  • Baths: 0
  • Price: €520,000
  • Reference No.: IDH32067
  • Area: 139 m2

Amenities

  • Home
    • Central location
    • Energy Certificate: free

Location

Marketed by:

  • Ideal Homes Portugal
  • Urbanização Vila Sol, Alto do Semino, Lote E, Lojas 1,2 e 3
  • Quarteira, Faro
  • 915 744 282
See all properties from this agent
  • 00351 289 513 434
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