Commercial property for sale in Albufeira

Commercial property for sale in Albufeira Commercial property for sale in Albufeira Commercial property for sale in Albufeira Commercial property for sale in Albufeira Commercial property for sale in Albufeira Commercial property for sale in Albufeira
Price 800,000
Pool No
Bedrooms: 0
Bathrooms: 2
Size: 0 m²
Plot: 2,630 m²

New to the market, this commercial property for sale in Sesmarias was originally used as a traditional Portuguese restaurant but provides a great opportunity if you are looking to set up a business here in the Algarve.

With a total area of 2630m2, the building itself is 410m2 which is ample space to completely renovate, if desired, into a different type of restaurant, a bar or even an apartment with the possibility of flipping to sell for a profit or using as a rental investment.

A swimming pool could be installed with the correct permissions seeing as there is an abundance of land to work with, thus adding to the aspect of using this for rental purposes.

Sesmarias is a fantastic location and is within easy reach from the centre of Albufeira, supermarkets, cafes and this property is just a few minutes walk away from the stunning São Rafael beach.

Additional features include air-conditioning, piped gas, a large kitchen, warehouse, storage room, two bathrooms and a paved terrace.

The award winning Vilamoura marina and Guia shopping centre are both approximately a fifteen minute drive away- depending on traffic – and Faro airport is approximately thirty minutes.

Albufeira is a city that has preserved its historical center while still being full of life and entertainment throughout the year, offering excellent leisure facilities (marina, beautiful beaches, nightlife). Being so close means youre near shopping areas, services, a hospital, schools but also be able to enjoy a peaceful and tranquil home life.

Essentially youll be able to enjoy all the city offers without the typical stress of the big cities.

Mortgage simulation:

Purchase Price – 800 000                                Purchase Price – 800 000
Deposit / Down Payment – 160 000 (20%)          Deposit / Down Payment – 160 000 (20%)
Finance Amount – 640 000                            Finance Amount – 640 000
Interest Rate – 0.873%                                     Interest Rate – 0.873%
Term / Period – 30 years / 360 months                Term / Period – 40 years / 480 months
Monthly Payments – 2021.37                              Monthly Payments – 1580.13

Features

Air conditioning

Close to the beach

Terrace

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