Ribeira Grande (Açores), Ilha De São Miguel (Açores) 9625-510, Portugal

This building is the result of a total renovation project that ended in 2019.Since then, the well-known “Café Alfredo” has been operating as a snack bar and restaurant, also featuring a spacious 2-bedroom apartment measuring 179sqm on the first floor.Hundreds of people pass through Regional Road N1-1 every day, where the snack bar is located. It is a place where many tourists and residents stop to admire the landscape and rest, consuming light meals, locally prepared sweets and drinks.This space has a terrace, 2 dining rooms, 4 toilets for customers and has capacity for 100 people simultaneously.The “Coffee Bar o Alfredo” is fully equipped with 2 kitchens (one for preparing food and the other just for sweets/pastry), two dining rooms, each room with 2 toilets for men and women, a large terrace and a parking lot. parking with capacity for around 15 vehicles.All kitchen equipment, bar and existing furniture are included in the deal.On the 1st floor level there is a huge 2 bedroom apartment measuring 179sqm. Given its size, configuration and entrances, it can easily be divided into 2 1-bedroom apartments with tourist potential (AL) or medium/long-term rental.According to the Municipal Master Plan (PDM), the geographical location of the property is classified as "Medium Density Urbanizable Spaces", which also allows it to expand by more than double the currently built area, that is, it allows to build up to around 820sqm of total construction area (ABC), greatly boosting business growth, maintaining the cafeteria/restaurant aspect and building at least 6 more 1or 2 bedroom apartments, which would translate into a property with return potential huge, especially in the tourist aspect with Local Accommodation (AL).Unique opportunity to realize your dream of investing in a unique business with great room for growth!Don't miss this fantastic investment opportunity, contact us!