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What investment opportunities exist for a thriving restaurant and B&B in Ferragudo?

Restaurant in Ferragudo

ref. LE2162
2.550.000€
  • B-
  • 6
  • 6
  • 280m2
  • 280m2
  • Alojamento Local

Discover unparalleled investment opportunities with this thriving restaurant and B&B in Ferragudo, now listed for £2,550,000. This premier establishment boasts a successful restaurant on the ground floor alongside six en-suite B&B suites, making it an enticing choice for buyers seeking to tap into the booming hospitality sector. Located in the vibrant town square with captivating views of the Arade River, this property has a proven track record of attracting both locals and tourists. The restaurant offers multiple menu options and caters to a maximum of 124 seated guests, ensuring consistent footfall and revenue generation. Furthermore, the first-floor B&B is designed for comfort and convenience, meeting the needs of every guest with amenities such as Wifi, cable TV, and stylish en-suite bathrooms. With the beach only 500 meters away and surrounded by shopping and leisure options, this location offers a fantastic lifestyle alongside commercial success. Additionally, the property has seen renovations as recent as 2018, preserving its charm while ensuring that it meets modern standards. The potential for both short-term rental income and stable dining clientele makes this investment prospect remarkably appealing. Do not let this opportunity pass by; connect with us today to schedule your viewing and explore the possibilities this property holds!

Usage
Commercial
Type
Restaurant
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (West)
Construction Year
1952
Renovation Year
2018
Rooms
7
Bedrooms
6
Bathrooms
6
Floors
2
Furnished
Negotiable
Living Area
280 m²
Plot Area
280 m²
Parking outdoors
Own Entrance, Fully Fitted, Modern
Storage, Office/Study
Alarm System
Double glazing, UVA Protection
Patio
Sea View, Panoramic View
• 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
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