Owning a successful restaurant alongside 6 B&B suites in Algarve is a fantastic investment opportunity. This unique property in Ferragudo boasts both a thriving restaurant and well-appointed suites, making it perfect for buyers looking to own a profitable venture. The ground floor houses a bustling restaurant with seating for 55 guests, complemented by an inviting bar area and a fully fitted kitchen. Upstairs, you’ll find six en-suite bedrooms, each equipped with modern amenities, ensuring a comfortable stay for guests. Built in 1952 and renovated in 2018, this property blends traditional charm with contemporary convenience.
Located in the vibrant town centre square by the Arade river, the property is only 500m from the beach, enhancing its appeal to tourists. This prime location not only offers picturesque river views but also easy access to local amenities, including shops and cafes. The outdoor terrace provides additional seating for 69 people, perfect for al fresco dining. With an annual terrace rent of €1,610 included, savvy investors will appreciate the manageable operational costs.
The property’s living area spans 280m², split evenly between the restaurant and B&B suites, maximizing its use of space. Each B&B suite is thoughtfully designed, featuring flat-screen TVs, cable channels, and all necessary furnishings. Furthermore, this property has additional storage options available in the cellar and attic, increasing its functional capacity.
This is not just about owning a restaurant and B&B; it's an opportunity to invest in a thriving sector in a sought-after location. Secure your future in the hospitality industry today—contact us now to schedule a viewing!
• In Operation
• Living Area for suites 140m²
• Restaurant area 140m²
• Terrace area 70m²
• Seatings in total for 124 people
• 2 WC´s in Restaurant (1 Male / 1 Female)
• 6 Bedroom Suites all En-Suite
• Year of Construction 1952, Renovation 2018
• Distance to Beach 500m
• Close to Amenities
• In the Town Square
• Views of the Arade River
Investment and Business opportunity to purchase the freehold of the building as well as the goodwill of 2 businesses. Located in the town centre square on the Arade river in Ferragudo.
Ground Floor - Restaurant:
• Restaurant area - seating for 55 people
• Bar area
• Kitchen
• 2 w.c. (1 male & 1 women’s)
• 3 different “all inclusive” menu styles to suit your appetite
• Open every day from 08.00 until 22.30
First Floor – B&B Suites:
• Reception area
• 6 ensuite bedrooms (5 with showers / 1 with bath)
• All rooms have – Flat screen TV´s, Cable channels, Hairdryers, Towels, Bed linen
Extras rooms:
• Storage in cellar and attic
Outside:
• Terrace area – seating for 69 people
Amenities
• Wifi (Free for guests)
• A/C
• Alarm
Location
• 67.2km to airport
• 19m to town
• 14.9km to golf
Other Info
• Furniture included (exception of several personal items)
• €1,610 a year for terrace rent
