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Unique waterfront property for commercial or residential investment

Property for sale Nº: 42097

Unique waterfront property for commercial or residential investment

Unique waterfront property for commercial or residential investment!

One of the best locations fronting the exclusive Ria Formosa with the beach at the doorstep, this is a versatile renovation project and the property could be maintained as a restaurant or easily become a spectacular dream home.

The flat plot has a very wide waterfront with delightful views over the Ria and looking onto the world-famous resort of Quinta do Lago. There is verbal permission from the council to renovate the existing building up to 300sqm.

This has been the address for a renowned and the oldest restaurant of Faro beach.

The property currently presents the main building, which consists of a large dining area with a porch with a pleasant terrace and garden. There is a fully equipped kitchen, with an outdoor grilling area. In this building, there is also an apartment with two bedrooms, a living room and one bathroom. The property also has an annexe currently used as a laundry and storage but that can easily be turned into a garage, a much-appreciated feature in Faro Beach. The property has its own driveway and parking. Access can be made by road or by sea.

The restaurant is sold with all equipment and is fully operational and properly licensed.

Besides guaranteeing an idyllic setting, this property is centrally located just a few minutes from Faro (7km), the Algarve capital, and the International Airport (3km). The Ria Formosa beautiful boardwalk is close by, providing easy access to Quinta do Lago and its golf courses.

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Unique waterfront property for commercial or residential investment

Call (+351) 289 098 888 or fill the form for more information