Snack Bar +2 apartments +studio Freehold.For Rent or for sale
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A freehold snack bar/pub with two independent apartments. and seperate studio apartmentSet in a lively village with good clientele, this year-round business attracts both locals and holiday makers.This profitable little business is conveniently positioned in the centre of this vibrant village which has a good mixture of permanent residents and holiday makers. The attractive building is accessed via the welcoming beer terrace with many tables and chairs for al-fresco dining and drinking. The well-laid out and fully equipped bar has a practical split level design. The lower level is currently given over to the games area complete with pool table. The upper level contains the bar and dining area. A feature fire place lends character and atmosphere to the bar. This area is supported by a fully equipped kitchen complete with food preparation areas and ample storage. The two independent one bedroom apartments are on the first floor. They are reached via an exterior staircase leading to a sunny terrace. Each of the apartments has a good sized bedroom, living area with kitchenette and large bathrooms. These apartments can be used as owners accommodation, staff quarters or as rental units producing a healthy income. A further flight of stairs leads up to a wonderful private sun terrace with further accommodation with kitchen /living room /bedroom and bathroom in the eves. The entire business is in first class order with new fixtures and fittings throughout. The commercial area is fully licensed to operate form 10-00am through to 2.00 am. This easily run business offers great potential for growth and a fantastic life style.5 mins to beaches of Burgau, Praia da Luz and Lagos .The golf courses of Parque de Floresta and Boavista also within 5 mins drive.The new algarve autodrome is 15 mins away.The bar and apartments have 2 seperate title deeds with water gas electricity on seperate meters so coud be sold as 2 seperate properties 1 of the apartments has been rented out for the previous 2 years on a long let bringing in 600 per month.I have previously let it out for holidays bringing in 250-350 per week .also the studio which was finished in May 2011 brought in 375 per month on a 6 month let.There is public transport in the village, schools in 1 kilometre and international schools close by .I can leave my doors and windows open without worry, car open with keys in all night and even nip to the fresh local produce market with fresh caught fish by the locals (30 seconds away by foot) with the bar left open and come back to find customers waiting .Very safe and secure with no crime .Both my children went to Portuguese school and had a brilliant time and education, both spoke english and were fluent in Portuguse within 4 months ,aged 4 and 10 at the time.We have owned the bar for 9 years and previously rented it for 3 years when the owner decided he wanted to sell,and gave us first option which we jumped on, He had run it for 11 years so it is well established in the community and surrounding areas.The apartments on top were built in 2007 and the bar was completly renewed with all new electrics ,all the floors dug up and relayed with new tiles water pipes sewrage pipes gas pipes new bathrooms,with access for disabled,new kitchen new windows new bar done out of mahogany etc.The bar could also be turned into more apartments or a restaraunt or whatever you wish .Fully eqipped and open every day.There are endless opportunities ,we are just needing a change.
Details
| Please contact | Angela Batista |
| Phone number | 00351 282697578 |
| Posted by | marujo |
| Online since | February 18th, 2012 Report this ad |
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