Look no further than this prime investment opportunity in Ferragudo! For €2,550,000, you can acquire a successful restaurant along with six B&B suites, generating solid income in one of the Algarve's most desirable locations. Situated in the bustling town centre square and only 500 metres from the beach, this property combines hospitality and the charm of Ferragudo. The ground floor features a restaurant with seating for 55 guests, while upstairs, guests find modern and luxurious ensuite accommodations. The property boasts a significant overall living area of 280m², allowing for efficient operation across both hospitality segments. Renovated in 2018, the restaurant remains operational with flexible menu offerings tailored to diverse tastes. With a terrace area that accommodates 69 people, there’s ample outdoor space to enjoy the beautiful Algarve weather. The potential for rental income from the B&B suites is excellent, making this a perfect investment for finance-savvy buyers. Note that the property is equipped with all essential amenities, including air conditioning and free Wi Fi for visitors. This investment represents both a functional business model and an attractive lifestyle opportunity. Don’t let this chance slip away; get in touch now to explore this remarkable 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
