The cost of this exceptional opportunity to buy a thriving restaurant along with six B&B suites in Ferragudo is €2,550,000. This property offers not only a sought-after location but also an operational restaurant with a seating capacity of up to 124 people and a successful suite-based accommodation business. Perfect for buyers looking to invest in a dual-purpose property, it is situated in the heart of Ferragudo, just a 500-metre walk to the beach and only steps away from local amenities.
With a total living area of 280m², the restaurant occupies the ground floor while the well-maintained B&B suites, fully renovated in 2018, are located on the first floor. Each of the six ensuite bedrooms is equipped with modern amenities such as flat-screen TVs, hairdryers, and complimentary WiFi for guests. The entire building showcases exquisite views of the Arade River and a charming terrace area that can accommodate 69 guests, enhancing its inviting atmosphere.
This property, originally built in 1952 and recently refurbished, presents an immediate income-generating opportunity for investors. The potential for growth in this tourist-friendly area adds significant value, making it a rare find in the Algarve market. Located in the bustling town square, the restaurant benefits from consistent foot traffic and visibility.
By investing here, you're not just purchasing a property; you are buying a lifestyle and a chance to tap into the flourishing Algarve tourism market. Don't miss this chance to own a piece of Ferragudo’s charm. Contact us now to schedule a viewing and see the potential for yourself!
• 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
