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Global Properties

1 bedroom Commercial property in Faro, Portugal No. 334801

$ 222 433
$ 2 927 per m²
1 Bedrooms
2 Bathrooms
76 Living space, m²
Faro, Portugal
Parameters
Bedrooms
1
Bathrooms
2
Living space, m²
76
ID
334801
Type
Commercial property
Land area, m²
76
Completion date
IV quarter, 1976
Property description
Commercial Property for Sale with Large Roof Terrace in Estoi Village Centre.

Discover a unique investment opportunity in the heart of Estoi, Algarve.
This versatile commercial property offers excellent potential for business, leisure, or residential use, with the rare advantage of a spacious roof terrace overlooking the village and the sea.

Prime Location in Historic Estoi.

Situated on a little square in the charming village of Estoi, this property is surrounded by history and culture.
The village is well-known for its ancient Roman ruins and the elegant Palace Pousada, a luxurious hotel with a fine restaurant open to the public. Estoi also hosts a lively monthly gypsy market, and daily life is enriched by cafés, restaurants, and shopsall within walking distance.

Property Features
104m² registered area on a single floor
Expansive roof terrace covering the entire footprint
Built in 1976 for commercial purposes
Currently divided into a self-contained 1-bedroom apartment plus commercial space
Potential to apply for a first-floor construction license on the roof terrace
Sea and village views from the terrace
Excellent visibility, facing onto a small public square
Easy access via a one-way road leading into the village

Investment Potential
This property offers incredible flexibility:
Commercial use: Ideal for a boutique shop, office, or trendy café.
Hospitality venture: Develop into a small restaurant or lounge with a rooftop dining experience, capitalizing on Estois growing tourism.
Mixed use: Combine living accommodation with your business, creating both comfort and convenience.

With Estois popularity rising among tourists seeking authentic Algarve charm, this property is perfectly positioned to attract visitors drawn by the historic sites, local gastronomy, and cultural atmosphere.
Features
Features
  • Balcony
  • Terrace
Statistics Faro
$ 4 620
Price per m²
164
Quality of Life Index
50
Cost of living Index
Parameters
[:second_city:]
Faro
Difference
Monthly Rent Cost
1-Room Apartment
$ 1 157
2-Room Apartment
$ 930
Apartment Purchase Price per m²
In the City Center
$ 4 620
Outside the City Center
$ 3 555
Crime Index
30
Cost of Living and Rent Index
40
Purchasing Power Index
73
Property Price to Income Ratio
14
Safety Index
70
Traffic CO₂ Index
5958
Traffic Inefficiency Index
141
Rent Index
27
Health Care Index
54
Groceries Index
48
Pollution Index
34
Traffic Commute Time Index
25
Restaurant Price Index
45
Climate Index
98
Cost of Living Index
50
Quality of Life Index
164
Traffic Index
120
Restaurants
Meal, Inexpensive Restaurant
$ 14.06
Meal for 2 People, Mid-range Restaurant, Three-course
$ 42.19
McMeal at McDonalds (or Equivalent Combo Meal)
$ 11.72
Domestic Beer (0.5 liter draught)
$ 2.93
Imported Beer (0.33 liter bottle)
$ 2.34
Coke/Pepsi (0.33 liter bottle)
$ 2.34
Water (0.33 liter bottle)
$ 1.64
Cappuccino (regular)
$ 1.90
Markets
Milk (regular), (1 liter)
$ 1.08
Loaf of Fresh White Bread (500g)
$ 1.55
Eggs (regular) (12)
$ 3.51
Local Cheese (1kg)
$ 14.51
Water (1.5 liter bottle)
$ 1.25
Bottle of Wine (Mid-Range)
$ 5.27
Domestic Beer (0.5 liter bottle)
$ 0.98
Imported Beer (0.33 liter bottle)
$ 3.08
Cigarettes 20 Pack (Marlboro)
$ 6.68
Apples (1kg)
$ 2.67
Chicken Fillets (1kg)
$ 6.35
Oranges (1kg)
$ 1.62
Potato (1kg)
$ 3.25
Lettuce (1 head)
$ 1.45
Rice (white), (1kg)
$ 1.85
Tomato (1kg)
$ 2.68
Banana (1kg)
$ 1.35
Onion (1kg)
$ 2.55
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 11.38
Transportation
One-way Ticket (Local Transport)
$ 3.52
Monthly Pass (Regular Price)
$ 43.36
Gasoline (1 liter)
$ 2.04
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 35 211
Taxi Start (Normal Tariff)
$ 3.87
Taxi 1km (Normal Tariff)
$ 1.17
Taxi 1hour Waiting (Normal Tariff)
$ 22.27
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 39 931
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 141
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 36.33
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 20.36
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 465
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 44.54
Tennis Court Rent (1 Hour on Weekend)
$ 22.27
Cinema, International Release, 1 Seat
$ 11.72
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 74.22
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 46.30
1 Pair of Nike Running Shoes (Mid-Range)
$ 110
1 Pair of Men Leather Business Shoes
$ 107
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 479
International Primary School, Yearly for 1 Child
$ 12 708
Contact seller
Contact seller

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