The cost of the successful restaurant with 6 B&B suites in Ferragudo is €2,550,000. This prime business opportunity includes the freehold of the building combined with the goodwill of both a vibrant restaurant and established accommodation. Situated in the bustling town centre square near the Arade River, this property is perfect for buyers looking to invest in a thriving hospitality business. The restaurant itself boasts a seating capacity for 55 people and includes both a bar area and a fully equipped kitchen, ideal for streamlined operations. In addition, the first floor houses 6 ensuite B&B suites, providing efficient and comfortable accommodation for guests. The entire property covers a substantial living area of 280m², enhanced by an outdoor terrace with seating for up to 69 people. Recent renovations in 2018 have elevated the building's appeal while maintaining its historical character. The location benefits from being just 500 meters from the beach and in close proximity to various local amenities. With a steady influx of tourists and locals, this property presents a lucrative investment opportunity with high rental potential. If you're considering a unique business venture in the Algarve, look no further. Contact us now for more details and to arrange a viewing of this exceptional property!
• 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
