Business in Faro (Algarve), Portugal

Fantastic opportunity to develop a whole tourist village in a prime location. At the heart of the popular Vale da Telha resort, this is a fantastic opportunity to develop a tourist village comprising of 21 standalone cottages, a seperate small hotel, restaurant and bar, reception, supermarket and leisure facilities.On the site currently there is a fully licensed large snack bar and restaurant, a fully licensed and equipped nightclub, 3 individual office units, 2 T2 apartments, a large storage area and further land.At the front of this property there is ample parking area as well as gardens and patio areas.The office units and apartments are currently rented out all year round.The land has planning approval for 21 apartments, swimming pool and Tennis court.The snack bar is fully equipped with indoor and outdoor seating, a professional kitchen and licensed bar. It is newly built, well maintained and modern inside.The building currently used as a nightclub could be converted into further accomodation or maintained as a social venue.It is currently licensed until 6am with a capacity of c700 people and employs 5 staff plus security. It comes equipped with all bar fixtures and fittings including fridges, all audio-visual equipment and full security system including CCTV. The overall building is c400 m2.