Commercial Property for Sale in Albufeira

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€229,000 EUR

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Ref 2107458 | Albufeira, Faro | Business

Currency services provided by International Currency Exchange (IFX) 229,000 EUR  |  Approx.£197,192 GBP  |  Approx. US$245,076 USD
  • Type: Commercial Property
  • Location: Albufeira
  • Province: Faro
  • Country: Portugal
  • Bedrooms: 0
  • Bathrooms: 0

Offered for sale Freehold, this  great restaurant is located only 1500 metres from the lovely beaches at Gale, a popular residential and tourist area in the outer suburbs of Albufeira. Well populated, with many quality villas  and apartments in the area, providing both local customers which together with passing trade has made for a busy successful business. An added  bonus for the future will be the new development of a 300 plus Apart Hotel which is under construction only a few metres away from the Restaurant premises, due for completion Spring 2017 making this a gbusiness opportunity not to be missed by enthusiastic caterers Currently operated as  The ‘Royal India’ Restaurant and tenanted, the premises have been run as an English Restuarant in the past, and prior to that a successful Italian Pizzaria operated by the owners trading since 1996. With a trading area of 118 square metres with covers for 50-60 inside and two outside patio areas providing another 40-50 Seats depending upon the configuration. It has an open kitchen and attactive Bar Area providing comfortable seating for those clients who enjoy a relaxing drink. The  Restaurant is part of a Condominium of 24 Apartments and 6 commercial premises of which the Restaurant is the largest. It has a verry attractive Pool and Garden area available for the occupants use only. The Basement area includes a further 118 square metres with Ladies & Gentlemens Toilets for Restaurant customers, also a further staff bathroom. There is a second Kitchen used for preparation and formerly the mixing of Pizza Dough and also a large area sectioned  for Offices which could easily be be made into Accommodation,subject to planning consent. Access to the basement area is made by a wide ramp to a lower private parking area and can easily accommodate 3-4 Cars and also provides direct access for the unloading for suppplies via 2 sets of double doors to the ample storage area. The Premises are Fully Licensed and has Current Permissions to operate as a Restaurant. It is available as a Turnkey Operation providing 1 Months Notice to the current tenant. The Current Market Price of 270,000 Euros is negotiable and any sensible serious offer will be considered as the owner wants to return to the UK. An opportunity for caterers to build on an existing solid foundation of many years as a reputable Restaurant, which would suit any type of catering venture.

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