Properties with restaurant and B&B potential in the Algarve, like the one in Ferragudo currently on the market for €2,550,000, offer a lucrative investment opportunity. This particular property combines a fully functional restaurant with six ensuite B&B suites, perfect for capitalizing on the region's booming tourism. Set in the vibrant town square, it enjoys excellent visibility and proximity to local attractions, including a beach just 500 metres away.
The restaurant features a spacious area that accommodates 124 people, including both indoor and terrace seating, creating a delightful dining experience with stunning views of the Arade River. Each of the six B&B suites comes with modern furnishings and essential amenities that cater to guest needs, making it an attractive option for visitors.
With a total living space of 280m², and recently renovated in 2018, this property blends modern design with comfort, appealing to both hotel guests and diners. Furthermore, the establishment is situated within a vibrant community that has an increasing influx of tourists looking for quality dining and lodging.
Investing in such a property not only provides immediate income but also capitalizes on significant market potential for hospitality services in the Algarve. This area is known for its beautiful landscapes and rich cultural experiences, enhancing its allure for guests and boosting long-term ROI. Take the first step toward ownership by contacting us to schedule a viewing today!
• 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
