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Restaurant for Sale – Prime Location in Lagos – Turnkey Opportunity in a Highly Sought-After Area
Lagos, Faro, Portugal
REF: 920858
€475,000
Description
Restaurant for Sale – Prime Location in Lagos – Turnkey Opportunity in a Highly Sought-After Area. Discover this superb, ready-to-operate restaurant, ideally located in one of the liveliest districts of Lagos. A rare opportunity for hospitality professionals looking for a fully functional, modern, and well-organized space. The property includes a spacious 105 sqm ground floor and a 42 sqm basement, compliant with regulations and suitable for public use, offering multiple layout possibilities. Fully renovated, every detail has been carefully designed to create a contemporary and functional environment that combines aesthetics with comfort. Professional kitchen equipped with brand-new, high-performance appliances, providing an optimal work environment for even the most demanding chefs. Welcoming dining area, bright, spacious, and cozy — perfect to attract both local and tourist clientele with its friendly atmosphere. Versatile basement adds valuable storage space for food, wine, or equipment, optimizing the restaurant's logistical operations. Located on the ground floor of a busy street, the restaurant enjoys excellent visibility and high foot traffic. Nestled in the heart of a vibrant neighborhood, this restaurant is close to beaches, the historic center, shops, and public transport. Lagos attracts thousands of visitors every year, drawn by its charm, cuisine, and quality of life. Nearby: green areas, local shops, public transport, and a diverse clientele – both local and international. Operating license no. 141-1995, issued by Lagos City Hall on 20/06/1995. A unique opportunity not to be missed! This restaurant is the perfect solution to launch or grow your business in a strategic location, with no need for renovation or setup delays. Contact me today to schedule a viewing and make your project a reality. *I speak French, Portuguese, English, and Spanish. *50/50 commission split with all partner agencies. #ref: 132793
Restaurant for Sale – Prime Location in Lagos – Turnkey Opportunity in a Highly Sought-After Area. Discover this superb, ready-to-operate restaurant, ideally located in one of the liveliest districts of Lagos. A rare opportunity for hospitality professionals looking for a fully functional, modern, and well-organized space. The property includes a spacious 105 sqm ground floor and a 42 sqm basement, compliant with regulations and suitable for public use, offering multiple layout possibilities. Fully renovated, every detail has been carefully designed to create a contemporary and functional environment that combines aesthetics with comfort. Professional kitchen equipped with brand-new, high-performance appliances, providing an optimal work environment for even the most demanding chefs. Welcoming dining area, bright, spacious, and cozy — perfect to attract both local and tourist clientele with its friendly atmosphere. Versatile basement adds valuable storage space for food, wine, or equipment, optimizing the restaurant's logistical operations. Located on the ground floor of a busy street, the restaurant enjoys excellent visibility and high foot traffic. Nestled in the heart of a vibrant neighborhood, this restaurant is close to beaches, the historic center, shops, and public transport. Lagos attracts thousands of visitors every year, drawn by its charm, cuisine, and quality of life. Nearby: green areas, local shops, public transport, and a diverse clientele – both local and international. Operating license no. 141-1995, issued by Lagos City Hall on 20/06/1995. A unique opportunity not to be missed! This restaurant is the perfect solution to launch or grow your business in a strategic location, with no need for renovation or setup delays. Contact me today to schedule a viewing and make your project a reality. *I speak French, Portuguese, English, and Spanish. *50/50 commission split with all partner agencies. #ref: 132793
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Property on Map
Currency Exchange
Lagos, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €475,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €475,000 | £392,089 | £415,777 | £23,688 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £392,089 |
| Maximum cost in the last six months | £415,777 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,688 |
Lagos, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €475,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €475,000 | £392,089 | £415,777 | £23,688 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £392,089 |
| Maximum cost in the last six months | £415,777 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,688 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £23,688 more.
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