Operating commercial area, in a Classic two-story building, on the avenue of the historic city of Silves, corresponding to the traditional composition of manor houses, commonly composed with the ground floor dedicated to commerce and the first floor destined for housing

Silves, Faro, Portugal

For Sale

€160,000

REF: 810781 €160,000


2

90 m2

85 m2

Description

Operating commercial area, in a Classic two-story building, on the avenue of the historic city of Silves, corresponding to the traditional composition of manor houses, commonly composed with the ground floor dedicated to commerce and the first floor destined for housing. Now serving as a restaurant, what was once the goods reception dock is still visible inside, with a well that would have been the food cooling area, now featuring a hall that develops around this historic element.

The reception and seating area consist of 3 different levels, offering differentiated private atmospheres for socializing and dialogue, with one elevated on a mezzanine for tasting moments. Meanwhile, the lower level connects to a terrace allowing enjoyment of the outdoor riverside space. A calm and welcoming environment, with seating capacity for 36 to 44 people.

It features construction characterized by wide stone walls, promoting self-regulation in terms of energy, window frames and glass shutters with wooden frames, as well as shutters and doors. Specifications: Mezzanine: 20m2 Lounge: 54m2 Service Area: 15m2 Terrace: 20m2 Gross Area: 85m2 Usable Area: 72m2 The building is integrated into the historic center of the city with all its local commerce and pedestrian routes, a quiet and peaceful neighborhood life, with free parking nearby.

Located in the heart of the city's green area, with the riverbanks and the riverside promenade with its green structures offering various facilities for children, physical activities, and leisure, such as paddle tennis, playground, and geriatric park, swimming pools and sports complex, skate park, basketball hoop, and pontoons approaching the river surface.

Situated in the downtown area, perfectly framed in the historical ambiance of the city, integrated into an ARU space that promotes the maintenance and balance of historical spaces with the contemporary, allowing the owner to benefit from all the advantages and benefits of tax programs, monetary support for rehabilitation, leasing, and others.

An excellent investment opportunity, with capital profitability potential. Silves was the first capital of the Algarve, with layers of history revealing occupation since the times of various peoples - Phoenicians, Romans, Muslims, and Christians. Its geographical position was crucial for its development throughout history.

Classified as a strategic point of connection between the coast, the sea, the major maritime and land transport routes, you can still feel it in the town square, the medina walls, the cistern, the castle, the cathedral, and the layout of the old town. Even today, its short distance to the County's Beaches - Carvoeiro, Benagil - and the beauty of the Algarve coast allow easy access without the summer crowds and their hustle and bustle bothering your daily life.

The city of Silves is recognized for the concept of Slow-City (Cittaslow), which originated in Italy and today is a worldwide contemporary movement that values a way of life that promotes well-being, personal, social, community, and environmental development. Slow Cities present themselves as refuges from the frenzy of modern life, not exceeding 50,000 inhabitants, corresponding to a small-sized city, implementing programs aimed at reducing noise in the city, traffic control, increasing pedestrian areas, and defending their local products.

Through the combination of the contemporary with its modernity and the space with its history and identity, the goal of slow cities is the combination of the best of both worlds. The 'Slow City' category is thus a quality seal that denotes commitment and a reference point for inhabitants, tourists, and investors who expect credibility from the city regarding sustainability for both inhabitants and nature.

As an independent consultant of the IAD real estate agency, I am 100% available, by phone or email, to provide you with any additional information about this property and schedule a more detailed visit. If you are a professional in the sector and have a qualified buying client, contact me and schedule your visit, as I establish business sharing with any consultant or real estate agency. #ref: 115868
Operating commercial area, in a Classic two-story building, on the avenue of the historic city of Silves, corresponding to the traditional composition of manor houses, commonly composed with the ground floor dedicated to commerce and the first floor destined for housing. Now serving as a restaurant, what was once the goods reception dock is still visible inside, with a well that would have been the food cooling area, now featuring a hall that develops around this historic element.

The reception and seating area consist of 3 different levels, offering differentiated private atmospheres for socializing and dialogue, with one elevated on a mezzanine for tasting moments. Meanwhile, the lower level connects to a terrace allowing enjoyment of the outdoor riverside space. A calm and welcoming environment, with seating capacity for 36 to 44 people.

It features construction characterized by wide stone walls, promoting self-regulation in terms of energy, window frames and glass shutters with wooden frames, as well as shutters and doors. Specifications: Mezzanine: 20m2 Lounge: 54m2 Service Area: 15m2 Terrace: 20m2 Gross Area: 85m2 Usable Area: 72m2 The building is integrated into the historic center of the city with all its local commerce and pedestrian routes, a quiet and peaceful neighborhood life, with free parking nearby.

Located in the heart of the city's green area, with the riverbanks and the riverside promenade with its green structures offering various facilities for children, physical activities, and leisure, such as paddle tennis, playground, and geriatric park, swimming pools and sports complex, skate park, basketball hoop, and pontoons approaching the river surface.

Situated in the downtown area, perfectly framed in the historical ambiance of the city, integrated into an ARU space that promotes the maintenance and balance of historical spaces with the contemporary, allowing the owner to benefit from all the advantages and benefits of tax programs, monetary support for rehabilitation, leasing, and others.

An excellent investment opportunity, with capital profitability potential. Silves was the first capital of the Algarve, with layers of history revealing occupation since the times of various peoples - Phoenicians, Romans, Muslims, and Christians. Its geographical position was crucial for its development throughout history.

Classified as a strategic point of connection between the coast, the sea, the major maritime and land transport routes, you can still feel it in the town square, the medina walls, the cistern, the castle, the cathedral, and the layout of the old town. Even today, its short distance to the County's Beaches - Carvoeiro, Benagil - and the beauty of the Algarve coast allow easy access without the summer crowds and their hustle and bustle bothering your daily life.

The city of Silves is recognized for the concept of Slow-City (Cittaslow), which originated in Italy and today is a worldwide contemporary movement that values a way of life that promotes well-being, personal, social, community, and environmental development. Slow Cities present themselves as refuges from the frenzy of modern life, not exceeding 50,000 inhabitants, corresponding to a small-sized city, implementing programs aimed at reducing noise in the city, traffic control, increasing pedestrian areas, and defending their local products.

Through the combination of the contemporary with its modernity and the space with its history and identity, the goal of slow cities is the combination of the best of both worlds. The 'Slow City' category is thus a quality seal that denotes commitment and a reference point for inhabitants, tourists, and investors who expect credibility from the city regarding sustainability for both inhabitants and nature.

As an independent consultant of the IAD real estate agency, I am 100% available, by phone or email, to provide you with any additional information about this property and schedule a more detailed visit. If you are a professional in the sector and have a qualified buying client, contact me and schedule your visit, as I establish business sharing with any consultant or real estate agency. #ref: 115868
Read More

Property on Map

#115868

Currency Exchange

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €160,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€160,000 £132,530 £137,512 £4,982
Property Price € €160,000
Minimum cost in the last six months £132,530
Maximum cost in the last six months £137,512
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,982

Silves, Faro, Portugal

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €160,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€160,000 £132,530 £137,512 £4,982
Property Price € €160,000
Minimum cost in the last six months £132,530
Maximum cost in the last six months £137,512
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,982

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £4,982 more.

Read More







No     Yes



No     Yes

I agree to be connected with a trusted property agent who will receive these details.
We handle your data with care and only ever as outlined in our Privacy Policy

Loading..
We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies.