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Office & commercial space for sale in Alvor

USD 592,291

Office & Commercial space (For sale)

1,502 sqft
lot 2,139 sqft
Reference: HWHB-T11108 / idh32067
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 area’s 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 Today, most of that industry has been replaced by tourism, leisure, and retail, leaving Portimão as a large and residential city.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€
View more View less 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 area’s 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€
Reference: HWHB-T11108
Country: PT
Region: Faro
City: Alvor
Category: Commercial
Listing type: For sale
Property type: Office & Commercial space
Property subtype: Commercial space
Property size: 1,502 sqft
Lot size: 2,139 sqft

SALE PRICE PER SQFT IN ALVOR

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 370
-9.2%
+30.3%
Apartment
USD 373
+6.3%
+98.7%

AVERAGE HOME VALUES IN ALVOR

REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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