Investors will find remarkable opportunities for restaurant and B&B ventures in the Algarve, especially with properties like this one in Ferragudo. Priced at €2,550,000, this investment includes a thriving restaurant and 6 fully-equipped B&B suites. Located in a bustling square, the restaurant caters to a diverse clientele with an impressive space that allows for up to 124 diners total. The B&B suites, designed for comfort, come with en-suite facilities and modern amenities. Investors will appreciate the property's proximity to the beach, only 500m away, which enhances appeal and guest demand. With the tourism growth in the Algarve sector, this dual operation allows for multiple income streams, making it an excellent long-term investment. The establishment's existing reputation further elevates its value, ensuring a good return on investment with minimal operational risk. Grab the chance to own this commercial gem by reaching out to us for a private 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
