Investment – Restaurant and Apartments with 1000 sqm near Almancil

Investment – Restaurant and Apartments with 1000 sqm near Almancil.

Building consisting of 5 apartments, restaurant, garage and storage room, near the center of Almancil, ideal for investment.

Located on the outskirts of Almancil but a few minutes drive from the center.

It is a commercial building composed of 3 floors, with a total area of about 1000 sqm.

On the ground floor there is a shop with 380 sqm, which is currently operating as a restaurant/ games room, with a support kitchen, bathrooms and storage room.

In addition, there is also a small studio.

While on the upper floor there are 4 apartments of 2 bedroom, with private balconies, ideal for rent.

Finally, in the basement there is also a garage and storage room with a total area of 380 sqm.

In addition, outside there is a closed parking for about 20 cars.

In the meantime, there is also a pre-project to turn the entire building into Local Accommodation.

This would include a total of 20 local accommodations, which the future owner can enjoy.

Previously, this building has been in operation as a residential.

Therefore, this building is a good option for those who want to invest and withdraw a good profitability from their investment in the Algarve.

As you can see, the potential is high either as it is or after the conversion of the entire available area into local accommodation.

By investing in this building you will be able to get a return on investment in the following month.

Located on the outskirts of Almancil and close to the MarShopping/IKEA shopping centre and the Algarve Stadium.

Just 4 km away from Mar Shopping/Ikea and the centre of Almancil.

The towns of Loulé and Faro are within 6.2 miles.

All this, in an area with good access and with open views over countryside and sea.

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MainProperties :: Investment – Restaurant and Apartments with 1000 sqm near Almancil :: AA069