Commercial property for sale in Vila do Bispo
Brand new commercial space for sale in Burgau, situated within a central location known as the Portuguese Santorini, it is just a short walking distance away from the beach.
Covering 368,5m2 across the ground floor (145m2) and basement (223,5m2), this commercial property provides a fantastic and lucrative opportunity to open up your own restaurant, bar or any other type of business that you want to invest in.
In total there are four commercial properties on the ground floor with a total of eleven one bedroom apartments and a studio all situated on the higher floors. As the building will be a place many will call home, investing in a new restaurant, bar or even supermarket could prove to be extremely lucrative, especially if many homeowners decide to use their property for holiday rentals.
Currently under construction, you can expect top quality fixtures and fittings internally with bright and open spaces ready for you to design and style however you wish.
Burgau is a municipality in Vila do Bispo which used to be a fishing village, it now mainly thrives on tourism with the most important appeal being the beach, Praia de Burgau, which is surrounded by hills.
Praia da Luz is also close by and is a lovely town full of charm, making it a brilliant holiday destination for family retreats and a great place to relocate to in Portugal. own a holiday home or retire. Situated close to Lagos, it is blessed with both a beautiful beach and gorgeous climate.
Purchase Price – 280 000 Purchase Price – 280 000
Deposit / Down Payment – 56 000 (20%) Deposit / Down Payment – 56 000 (20%)
Finance Amount – 224 000 Finance Amount – 224 000
Interest Rate – 0.873% Interest Rate – 0.873%
Term / Period – 30 years / 360 months Term / Period – 40 years / 480 months
Monthly Payments – 707.48 Monthly Payments – 553.05