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Stunning Renovated Classified Commercial Building In Silves For Sale

Silves, Faro, Portugal
Asking Price:
€1M - €5M
Sales Revenue:
Available on request
Cash Flow:
Available on request

Magnificent classified building from 1875 that belonged to the Viscount of Silves.

The roof, exterior and ground floor have been completely renovated with high quality materials in 2019, in accordance with the rules of the building's classified profile.
The building with a total area of 879m2 is a true hidden gem in Silves, which is the former capital of the Algarve.

The ground floor consists of a succesful restaurant with 4 dining rooms, excellent sanitary facilities for customers (male, female and disabled people), fully equipped commercial kitchen with top appliances from Angelo Po and Kuma Forni, pantry, storage, space for staff with sanitary facilities, office room and patio.
The restaurant has floor heating connected to solar panels.
It has space of esplanade on the street and also an entrance hall that connect to the 1st floor.
The restaurant has a maximum capacity of 100 indoor seats, 42 seats on the esplanade and 10 more seats on the patio.

The 1st floor is in an advanced phase of the rehabilitation works and offers 3 large bedrooms, 3 bathrooms, 1 office, living/meeting room, kitchen, laundry/storage room, circulation and hall. It has also 2 terraces.
There has been granted a license for short term rental (AL - Alojamento Local) for the 1st floor.
In addition, under the roof there is the possibility to create a loft that extends over the entire building.
More information and pictures available upon request.

Property Information

Real Estate:

Real Property Included