Restaurant Bar for sale with 800m2 of land, Silves, Central Algarve, Algarve
2,500,000 EUR 2,150,000 GBP 2,750,000 USD
REF: 204649 Show Map
- Bathrooms: 2
- Floor Size: 200 m2
- Plot Size: 800 m2
- Terrace (m2): 600
- Work Required: None
- Income Potential
This fabulous business opportunity is located against the medieval castle walls in Silves, the well-established, family owned restaurant has been run by the same lady for the last 15 years and is a favourite with tourists and locals alike. The owner proudly maintains a visitor's book, which is filled with praises received from satisfied customers over the years.
The property was built in 1929 originally the mayor's home and is of historical significance in the town.
An exceptional unique freehold property and business in Central Algarve.
From its prominent position it enjoys magnificent views over the rooftops of Silves with far reaching vistas from the roof terraces.
The property comes with 200m2 of living space over three floors with delightful features throughout - a stunning example of the best in local architecture.
With an overall square meterage of 800 m2 (200m2 building and 600m2 of terrace), the property provides more than ample space to allow the imagination to run wild in either how the current business may be continued, expanded or alternatively how the space could be utilised differently.
The lower floor of the building is being used at the moment as an ice-cream parlour, however the possibilities are endless.
The middle floor is the main sala of the restaurant with a second separate eating area and also houses the main kitchen, storage. staff room and office. The roof terraces are accessed from the stairs within the middle section of the building.
These roof terraces are the real secret and contained within this section are two separate roof gardens and a large roof terrace, which currently provides space for approximately 90 additional covers.
The upper terraces also have a wood fired pizza oven and bar/holding area for clientele waiting to dine. The views from the terraces are breathtaking. The gardens are not currently being used to their full potential but offer fantastic opportunities to hold functions and weddings under the actual walls of the medieval castle. This property can be bought as a going concern or for conversion to another use, or as a home, subject to planning permission. Included within the offer price is all equipment and fixtures and fittings.
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