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FANTASTIC OPPORTUNITY, RESTAURANT WITH 3 BED HOUSE IN BUSY ALGARVE TOURIST AREA

€260,000

Monchique,

Western Algarve

3 Bedrooms

2 Bathrooms

206 m2

1.39 Ha.
3.43 Acres

C Energy Rating

FANTASTIC OPPORTUNITY, RESTAURANT WITH 3 BED HOUSE IN BUSY ALGARVE TOURIST AREA

A charming, very well located Restaurant positioned abutting a busy main route in this beautiful region, which attracts a year round business from the many Locals and Expats living in the popular locale and of course the Tourists that pour into the area during the Summer months. The property is Fully Licenced by the Camara and has been in the same ownership for the past 30 years - the owner is now ready for a well earned retirement. The possibilities here are almost endless, improvements can be made, as and when funds permit – but an easy improvement would be to enlarge the outside eating areas and even increasing the parking areas. The Restaurant is licenced for up to 40 customers and the outside Decked Area, currently takes up to 24 customers. The Restaurant itself has plenty of natural light from its pretty rustic shuttered windows, giving amazing far reaching views. In one corner is a wonderful original Well that at one time was the main water supply for the villagers! The two walls here are in stone and there is a Salamander to keep customers cosy in the Winter. There is a Kitchen (ripe for an update) fitted Bar/Servery that continues the feel of an intimate experience and a set of Customer Toilets. Attached to the Restaurant is a 2/3 Bedroom Owners HOUSE requiring modernisation, but comprising Living Room with corner fireplace, Kitchen, Two Bedrooms and Bathroom on the ground floor, while stairs lead up to a 3^rd bedroom with original ‘stone beds’ and the option to create further rooms all the way across the Attic area over the restaurant. There are also a number of detached animal buildings in brick/block construction which can be reached from a direct vehicle access from the road. The land has many fruit trees including Lemon (that produces a good crop for the Restaurant,) Oranges, Figs, Peaches and Olives The original building pre dates 1951 and the premises were first licenced in 1994.

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THE RESTAURANT - 10.7m x 10.2m (35’1” x 33’6”)
There are three sets of windows each with internal wooden shutters and three sets of matching double doors each offering fabulous views over the countryside.  At the front of the restaurant is the Bar and Servery while to the rear is the wonderful old Stone Well with light far down at water level. The side and back walls are finished in matching Natural Stone and on the opposite side is a Salamander to provide heating in the Winter. 
CUSTOMER TOILETS 
There are separate Male and Female Toilets.
KITCHEN 
Being located midway in the Restaurant, it would be possible to open it up to make it more of a display kitchen area popular in Cities throughout the World.  
LEAN-TO
4.2m x 3.25m (13’11” x 10’8”)
Of sturdy timber construction on an earth floor ideal for storage.
THE HOUSE - 10.70m x 8.68m (35’1” x 28’6”) Total size
Comprising a Living Room with corner fireplace, Doorway to Kitchen and door to Bedroom One, an inner Hallway with under stairs storage area, door to Bathroom having tiled walls, panelled bath, hand basin, toilet and bidet, door to Bedroom Two and stairs lead to the first floor, Bedroom Three on the left and to the right, a large attic space across both the house and restaurant which could allow for more accommodation.  
Approximate Built Area 206m² (2217 sq ft). Restaurant and Living Accommodation.
OUTSIDE
ANIMAL HOUSES
 75m² (807 sq ft). These are of quite substantial construction with own separate vehicular access from the main road, ideal for chickens, or other livestock.
THE LAND
Divided into two separate areas by a small lane, the area to the rear of the property is flat and then slopes up and around the hill, with flat terraces and outstanding views. By the restaurant the land could be used to extend the outside seating area and create further parking.  
On the other side of the lane there is parking space for at least 10 customers.  The land slopes quite steeply down the hillside and contains many beautiful flowering trees and shrubs and varieties of fruit trees including many established Olive trees, which provide around 1000kgs of Olives each year, in turn producing around 100 litres of quality Olive oil.  Following the lane past the property and down the hill, a track suitable for vehicles bears off and leads to the bottom of the land where previously the owner had made terraces for fruit trees and picnicking with the family.
WATER
The Restaurant is supplied by Mains Town water.   There is a Borehole that attaches to the Cisterna, which acts as a reservoir for water to be used on the gardens, trees and plants.  
Further Information
LOCAL INFORMATION
The property is freehold with mains electric, own borehole, mains water for the restaurant and 3 separate tanks for the private drainage. The much admired mountain town of Monchique is just 3.8kms away and provides everything needed of a modern lifestyle including Supermarkets, Markets, Health Centres and many other Leisure Facilities. Fabulous walking, Great bird watching and Fresh mountain air! Both South and West Coast beaches are 30kms and Faro Airport is 80kms. For Golfers 25kms.
Purchasers must satisfy themselves by inspection or otherwise that all rooms and any land are measured by you or your appointed solicitor or surveyor prior to purchase. All measurements or distances are approximate. The text, photographs, and plans are for guidance only. It should not be assumed that the property meets all the appropriate legal requirements.

Listing ID:

146

Fantastic Opportunity - Restaurant with 3 Bed House in Busy Algarve Tourist Area - Land - Views and Clean Air!

FANTASTIC OPPORTUNITY, RESTAURANT WITH 3 BED HOUSE IN BUSY ALGARVE TOURIST AREA

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