Buyers should expect an asking price of €925,000 for this 581 m² two-floor restaurant approximately 400 metres from Ferragudo beach. The commercial property is located centrally in Ferragudo and is available for buyers planning a new restaurant or hospitality venture. Its total area is arranged as approximately 408 m² on the ground floor and 168 m² in the upper gallery. The gallery overlooks the main dining room and creates a second customer-facing level. The ground floor includes a large open-plan dining area with high ceilings and tall pillars. An outdoor terrace offers the possibility of al fresco seating and may have further expansion potential, subject to approval. The service area contains a bar and a large commercial kitchen. Five storage rooms provide considerable back-of-house capacity for a restaurant operator. There are two staff bathrooms with showers and changing rooms. Three customer bathrooms are included, with one designed for disabled access. The property was constructed in 2009 and is currently not in operation. This allows a purchaser to introduce a new menu, identity, service model and trading strategy. Ferragudo’s main street location places the venue near cafés, bars, restaurants and everyday amenities. The nearest town facilities are around 100 metres away, while the nearest beach is approximately 400 metres distant. Praia Grande and other coastal attractions can help support visitor interest during the Algarve’s busy seasons. The town sits at the mouth of the River Arade and is recognised for its traditional buildings and cobbled streets. Golf is available roughly 4 kilometres away, and Faro Airport is approximately 66 kilometres from Ferragudo. Pre-installed air conditioning, double-glazed PVC windows, mains utilities and outdoor parking add practical benefits. Rental returns and ROI cannot be guaranteed and would depend on operation, demand, costs, licensing and management. Contact us to confirm the latest price and arrange a viewing of this Ferragudo commercial investment.
• 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
