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Fantastic Ocean Side Restaurant/Bar Plus Spacious Apartment For Sale

Carvoeiro, Faro, Portugal
Asking Price:
€950,000 Furniture / Fixtures included
Sales Revenue:
Under €100K
Cash Flow:
€50K - €100K

Located in the heart of the thriving fishing village of Carvoeiro, this ocean front property boasts beautiful views and has a restaurant on the ground floor and an independent 3 bedroom apartment upstairs.

There is also the possibility of converting this property into a stunning 5 bedroom villa just a few steps from the beach.

Restaurant and Bar

The successful restaurant has an attractive horseshoe shaped bar and plenty of internal room for dining or relaxing. There are two sets of toilets for male and female and also a separate staff toilet in the back.

The fully equipped commercial kitchen is set up and ready to go, complying with Health and Safety measures. The restaurant is fitted with Bose surround-sound speakers.

The outside terrace overlooks the ocean and beach and is a fabulous entertaining area, with plenty of room for al fresco dining.

The restaurant is fully equipped, including furniture, and ready to operate. Seating capacity is 24 inside, 30 outside.

Apartment

Above the restaurant is an attractive three bedroom apartment with awesome ocean views. All three bedrooms face the sea, while the open-plan living room and kitchen is on the opposite side with patio doors to a wraparound terrace. The bathroom has a walk-in shower plus bath tub.

This would make a great owner's apartment or could be rented to generate an income year round.

Location

This fantastic property is just steps from the main beach square and beach and is in one of the most desirable locations.

All amenities are a short walk away as is the daily fresh produce and fish market. It is close to multiple golf resorts and only 10 minutes from an international school. Faro airport is only 40 minutes away.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

upper floor 3 bedroom apartment available.

Location:

Steps for Carvoeiro beach and old town centre.

Premises Details:

Ground floor is the fully-equipped restaurant bar with outside terrace. Seating capacity is 24 inside, 30 outside.. Upper floor is a 3 bedroom apartment - great for owner's accommodation or for tourist rentals.

Business Operation

Reasons for selling:

retirement

Years established:
20

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