A versatile new-build property, located in Nossa Senhora de Guadalupe in Évora, by the Almendre Cromlechs (tourist attraction), which can be converted into a much needed B&B business, as it is really close to the Almendre Cromlechs.

The property was previously being used as a restaurant & banquet facility and still has all of the equipment inside. The plot size is 625,00 m2 and the current build size is 525,00 m2 plus a further 100,00 m2 of paved garden area.

The kitchen is fully equipped and there are 5 bathrooms, including a bathroom for the handicapped and a cloakroom, which is also equipped with a bathroom, for the restaurant workers. The kitchen equipment alone is worth well over 100.000 €. The bar and games area, is also fully equipped

It is easy to convert the existing restaurant into a 12-unit B&B Guest House. Should you wish to retain all or even part of the existing build size as an F&B (food & beverage) operation, you could add another level above to create more rooms.

At a mere 666 € per m2 for a new-build property, which could be “reduced” to 333 € per m2 if you add another level, this is a no-brainer investment opportunity!

Évora, classified is a UNESCO World Heritage site, is known as the museum-city and it’s roots go back to Roman times, reached its golden age in the 15th century, when it became the residence of the Portuguese kings. Its unique quality stems from the whitewashed houses decorated with “azulejos” (tiles) and wrought-iron balconies dating from the 16th to the 18th century. Its monuments had a profound influence on Portuguese architecture in Brazil. Please read more about Évora at http://whc.unesco.org/en/list/361

Évora is not just a tourist attraction. It is also home to many domestic and international industries, including Embraer, a Brazilian aviation consortium that is set to invest roughly 100 million Euros in their aircraft factory in Évora, which is rolling out the new E 175 model.

Property Features

  • Air Conditioning
  • Balcony
  • Fully Fitted Kitchen
  • Garden
  • Storage space