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Building with restaurant and 1-bed flat in central Faro

€650,000
  • 4 Rooms
  • 1 Bedroom
  • 3 Bathrooms
  • ~106 m² Total surface
  • ~53 m² Plot surface
  • Construction year 1966

Description

Two-storey building in the centre of Faro with an operating restaurant, spacious outdoor terrace and one-bedroom flat. Ideal for business or investment. 

Imagine having your own business in the heart of Faro, on a quiet street, just steps from the main shopping areas. Welcoming customers on a charming terrace while enjoying the convenience of living in the same building. An opportunity to combine quality of life, professional activity and investment.

Located in central Faro, this two-storey building, with 106 m² of gross construction area, stands out for its prime location and versatility, comprising a fully operational restaurant on the ground floor and a one-bedroom apartment on the first floor.

The traditional Portuguese cuisine restaurant, specialising in fish and seafood, benefits from positive reviews, a welcoming atmosphere and a spacious terrace included in the price, ideal for enjoying the Algarve climate. The premises feature air conditioning, LED lighting, an electric hot-water cylinder and an Energy Certificate rating of C.

On the upper floor, the one-bedroom apartment allows you to combine living and business or explore its potential as an independent income-generating property.

Whether continuing the existing business or developing a new concept, this building with a restaurant and residence in central Faro represents a real estate investment opportunity in one of the city’s most sought-after locations.

Property Features

Building and Location

  • Two-storey building with 106 m² of gross construction area
  • Prime location in central Faro, on a quiet street
  • Close to the main shopping streets
  • Restaurant on the ground floor and one-bedroom apartment on the first floor

Restaurant and Equipment

  • Fully operational restaurant specialising in fish and seafood
  • Spacious terrace included in the price
  • Positive reviews from residents and visitors
  • Air conditioning, LED lighting and electric hot-water cylinder
  • Energy Certificate rating of C

Residence and Investment Potential

  • One-bedroom apartment for personal use or independent rental income
  • Possibility of continuing the business or creating a new concept
  • Ideal for investors and entrepreneurs
  • Opportunity to combine commercial activity and residential use in central Faro

The Engel & Völkers Faro-Tavira team is at your disposal to provide further information and arrange a viewing of this property.

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Engel & Völkers Faro-Tavira

Your advisor: David Fernandes

Property ID: W-04BI6R

Property details
  • Object type

    Townhouse

  • Rooms

    4

  • Bedrooms

    1

  • Bathrooms

    3

  • Number of Floors

    2

  • Total surface

    ~106 m²

  • Plot surface

    ~53 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1966

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

Location: Faro, Faro District

Prime Location in Central Faro

Located in the heart of Faro, next to the iconic Largo do Carmo, known for its church and historic Chapel of Bones, this building benefits from a central location in a vibrant area with activity throughout the year.

Just a few minutes’ walk away are the Municipal Market, Rua de Santo António, the city’s main shopping street, Faro Marina, and the charming Old Town, with its historic streets and walls. The proximity to restaurants, shops, services, and public transport makes this location especially attractive for residential and commercial investment.

Main Points of Interest

  • Largo do Carmo: central location, next to Carmo Church and the Chapel of Bones
  • Shops and services: close to the Municipal Market and Rua de Santo António
  • Leisure and culture: easy access to Faro Marina and the Old Town
  • Public transport: railway and bus stations within a short walking distance
  • Faro International Airport: approximately 10 minutes by car
  • Faro Beach: approximately 15 minutes by car

A strategic location for those seeking to invest in a property with a restaurant and residential accommodation in central Faro, benefiting from proximity to the Algarve capital’s main commercial, cultural, and tourist attractions.

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João Agualusa & Elisa Ferreira, Lda.

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