Condominium buy in Quarteira Faro

Bar in Prime Location On Vilamoura Marina Algarve - A rare opportunity to acquire both premium freehold real estate and a successful iconic bar famed for its late-night music entertainment, with an enviable position overlooking Vilamoura Marina. Jointly the business and freehold premises is for sale. The irish Pub licensed for both alcoholic beverages and food is the area's leading bar boasting 436m2 of freehold premises over 3 floors with an internal capacity for 250 customers. Additional decked terraces covering an area of some 619m2 for a further 250 customers featuring a third 'Cabin Bar' offering views over the marina itself. A total capacity of 500 customers. Business income 2022: - €1,600,000 million turnover - €750,000 profit Budgeted income 2023 (based on 2022 income and 1st January implemented new price increases): - €2,00,000 million turnover - €1,150,000 profit Additional Note - the bar is currently only open in the evenings and so lends itself to all-day opening hours coupled by also serving food as the bar currently does not offer food but has a license to do so. Freehold Premises: Ground Floor - Main Bar - Main Seating & Tables Area - Sports Seating & Tables Area - Kitchen - Customer Toilets 1st Floor - 2nd Bar - Mezzanine Seating & Tables Area - Customer Toilets Basement - Storage Outside - 3rd Bar - Covered Seating & Tables Area - Open Decked Seating & Tables Area Whether it's a quiet cocktail to savor the sunset over the marina, catching the latest sporting events or a more lively night inside with the live band and dancing on tables, the bar delivers an experience like no other with memories for all customers to take away with them to share. Features * First line to the sea * Golden Triangle