The stated asking price to acquire Ferragudo’s 581m² restaurant premises is €925,000, before purchase taxes, professional fees, financing costs and any refurbishment budget. This commercial property is located approximately 400 metres from the beach and is available to buy as a substantial Algarve hospitality investment. Buyers should obtain an up-to-date acquisition cost schedule from their Portuguese solicitor, accountant and lender. The restaurant is not currently operating, so additional capital may be required for reopening, equipment checks, branding, staffing and working capital. The premises were constructed in 2009 and occupy two floors in a modern apartment building. Approximately 408m² is arranged on the ground floor, with a further gallery area of around 168m² above. The total area is stated as 581m², while the usable area is recorded as 576m² in the property details. The main floor includes a spacious open-plan dining room with high ceilings, tall pillars and numerous windows. The upper gallery overlooks the lower dining area and may support additional tables or private events. A bar and large commercial kitchen area are already incorporated into the service layout. Five storage rooms can help accommodate food supplies, drinks, furniture and operational equipment. Staff facilities include two bathrooms, showers and changing rooms. Three customer bathrooms are provided, including one suitable for disabled access. The existing terrace could create further seating potential, subject to the required permissions. A stated condominium charge of €720 should also be included in the buyer’s ongoing cost assessment. Ferragudo’s central position places the premises close to cafés, bars, restaurants and other amenities. The River Arade waterfront and traditional fishing-town character support a distinctive visitor environment. Praia Grande, Angrinha beach and the Castelo de São João are nearby attractions, while golf is approximately 4 kilometres away. Faro Airport is around 66 kilometres from the property, supporting access for international owners and visitors. Pre-installed air conditioning, double glazing, mains services and outdoor parking are included among the practical features. Expected returns will depend on the restaurant concept, trading season, operating costs, licensing and final investment level. Contact us to review the purchase requirements and arrange a viewing of this Ferragudo commercial property.
• Business not in operation
• Total area 581m²
• Ground floor 408m²
• Gallery 168m²
• Constructed 2009
• Nearest beach 400m
Ferragudo is a small attractive fishing town located on the mouth of the river Arade and has a close-knit community of Portuguese and expats alike. Impressively, Ferragudo has managed to maintain much of its traditional charm, escaping the typical wholesale development that has invaded the Algarve coast line and surrounding towns. Consisting of typical whitewashed cottages, low rise buildings and a warren of cobbled streets. Located directly on the river front with many cafes, bars and restaurants where you can not only eat the catch of the day but watch it being unloaded. For such a small town there are many focal points including the church which sits prominently on the top of the hill in the center of the town. The 16th century medieval castle, Castelo de Sao Joao located on Angrinha beach and a cute little lighthouse also set the scene for this quaint, relaxed little town. Ferragudo also boasts an array of fine beaches ranging from small and sleepy to the aptly named, Praia Grande where you can partake in a number of water sports and activities.
Located on the ground floor of a modern apartment building on the main street in Ferragudo, this large commercial property is designed to be very open and spacious with high ceilings and tall pillars. Consisting of two floors, the ground floor has many windows and an outside terraced area with potential to expand the seating. The ground floor consists of a large open, high ceilinged dining room and 3 client wc´s, one of which is disabled. The service area consists of a bar followed by kitchen which has 5 storage rooms, 2 staff bathrooms with shower and changing rooms. On the top floor you will find the second dining room, a large gallery which overlooks the ground floor.
Amenities
• Centrally located
• 5 storage rooms
• Disabled friendly
• Close to all amenities
Location
• Nearest beach 400m
• Nearest golf 4km
• Distance from airport 66km
• Nearest school 1km
• Nearest town 100m
