The total price for this exceptional investment opportunity in Ferragudo is €2,550,000, which includes a well-established restaurant along with 6 en-suite B&B suites. The restaurant, with a seating capacity for 55, operates daily and features a versatile menu catering to diverse tastes, making it a popular spot for both locals and tourists. Each of the spacious suites is designed for comfort, complete with modern amenities such as cable TV and free Wi-Fi, ensuring a delightful experience for guests. Located just 500 metres from the beach and nestled in the bustling town square, this property offers both convenience and scenic views of the Arade River. Investing in this business not only means owning a successful restaurant but also participating in the lucrative hospitality market, with the potential for solid returns. The investment includes the freehold of the building, granting the new owner significant flexibility and control over operations. If you’re looking for a profitable venture in the Algarve, this is a remarkable opportunity. Contact us to learn more about the price and arrange a time to view this unique property!
• 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
