House/Villa 560 m² - 10 rooms SILVES (8300-)

Exclusively at Lloyd & Davis, in Portugal in the Algarve, very nice business with an area of 560 m2 including a restaurant and 5 guest rooms. Excellent geographical location, the building is located in the pedestrian street of the historic quarter of the city of Silves. On the ground floor, the restaurant with a capacity of 160 seats and an area of 283 m2 includes two entrances, a bar, two dining rooms, a kitchen with 2 poles, 4 wc and two sinks, 2 outdoor terraces. The building dating from 1850 has a very beautiful architecture and was completely restored in 2019. The building is sold furnished. The 1st floor used for guest rooms includes a private entrance, 5 suites with bathrooms and beautiful volumes ranging from 25 to 44 m2, a collective kitchen/laundry room for guests , a patio and a small terrace on the roof. The turnover of the two activities is growing with an exponential forecast. Room reservations for the 2023 summer season have an almost full occupancy rate. The restaurant is currently rated 4.6 and the rooms 9.4 on Booking with 480 reviews. The production of hot water is individual for the whole building with solar panels (sunshine rate in the Algarve 300 days/year) and the air conditioning is powered by a heat pump. Due to its dynamism, the town of Silves attracts many tourists with its castle, its medieval festival in August, the orange festival in February, the beer festival in July as well as many festivals spread throughout the year. Major projects for the development of tourist activity are underway by the Town Hall guaranteeing an increase in tourist attendance for traders. Silves is close to several beaches (15 mins ), golf courses 10 mins away, Faro airport 40 mins, Lisbon 2 hours 15 mins away. The fees are included in the price and payable by the seller.