Traditional Restaurant and T1 Apartment in Silves

About this Listing

This property was selected and recommended by Porameta for its valuable investors. A traditional restaurant with an attached T1 apartment for sale in Poço Barreto, Silves. The property is offered as a combined sale of the real estate and going concern, holding two separate usage licenses for services and residential use. The listing comprises a total built area of 340 sqm on an urban plot of 1,057 sqm, with a net usable area of 139 sqm for the main restaurant. The dining room accommodates over 40 seated guests and features a bar area, two restrooms with a shared washbasin area, and two entrances. Outside at the rear, there is a paved cobblestone courtyard with independent access, a 32 sqm garage used as storage, a terrace area built over a cistern, an oven house, and two additional outdoor restrooms. The independent T1 apartment can be used for owner/staff accommodation or rented out for income. Facilities include private parking, split-system air conditioning, a dual-sided wood-burning fireplace, a security alarm system, and connections to the municipal water and sewage networks. The interior features thick stone and clay walls, terracotta tile flooring, and wooden ceilings. The kitchen is fitted with a 10-burner gas stove and dedicated pantry and storage space. The sale includes all furniture and equipment for the kitchen, bar, and dining room. The property is described as a renowned restaurant that operated for 22 years with a loyal customer base and served as a hub for the local expatriate community. It holds a TripAdvisor Traveler's Choice award and a Michelin Guide mention. Located along the EM269 road connecting Algoz to Silves in Poço Barreto, the property benefits from easy access and proximity to public transport, including a nearby bus stop and railway station. It is situated 6 km from the A22 highway, 7 km from historic Silves, and 10 km from the coast. This property was listed by Clarissa Meca as the original product provider. For interested parties, please contact Clarissa Meca directly with the details below: Phone: +351964877032 Email: cmeca@kwportugal.pt