Fantastic Opportunity - Renowned, Top Quality Restaurant
€ 650,000£ 573,719$ 775,093
Unknown€ 825,000€ 655,000-21%
25-05-2016€ 1,050,000€ 790,000-25%
18-01-2017€ 790,000€ 825,0004%
01-03-2018€ 655,000€ 650,000-1%
Overall price change-21%
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Almancil, Central Algarve
Ownership Status: Private
Built in: 1995
142m2 Build size
€ 4,577£ 4,039$ 5,457
/ m2 build
1,644m2 Plot size
€ 395£ 348$ 471
/ m2 plot
This is a unique opportunity to acquire an extremely popular, Mediterranean style restaurant, set in a quirky octagonal building. It is situated just outside the centre of Almancil, on the road to two of the most prestigious resorts in the Algarve; Vale do Lobo - home to the Royal and Ocean golf courses and Quinta do Lago with Pinheiros Altos, San Lorenzo and the Quinta do Lago North and South courses.
The restaurant has a good sized car park and there are approximately 40 covers in the tastefully decorated air conditioned dining room and an additional 50 in the outside courtyard which is surrounded by lush greenery.
With its very high visitor rating on Tripadvisor, the restaurant is currently generating excellent rental income which can be continued if desired or run as a family business.
It should be noted that this area has an abundance of luxury accommodation and is only 20 minutes from Faro airport.
This restaurant offers an unparalleled business opportunity and early viewing is highly recommended.
Covered dining area
Near bars / restaurants
Near a golf course
Near the beach
The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.
Almancil is a small Portuguese town in the District of Loule, with a population of around 12000 people. Almancil became a village in 1836, but with the development of the area in the ´70s, due to the influx of tourists into Algarve, this little village began to grow significantly and in December 1987 its title was promoted to town.
Nowadays Almancil is a very popular area due to its proximity to the beach, airport, golf courses and the luxury resorts of Quinta de Lago and Vale do Lobo. Almancil acts like a support wing of these resorts providing a large variety of high quality restaurants, shops and other services. You will find here one of the Apolonia supermarkets, as well as the Portuguese chain Pingo Doce supermarket, you will find here Gardening centres with amazingly beautiful plants, furniture shops with all the top brands, car garages, swimming pool shops, and many others. But apart from all this, Almancil attracts visitors with its quaint coffee shops, traditional cobbled streets, local cultural and sport activities, like kizomba and Latin dance classes, a karting centre for friends and family to have fun and so much more. This town is busy all year round and is only 10 minutes away from Quarteira as well as from the Loulé town. A perfect place to enjoy yourself, but also to get your to-do list done when needed.
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