Discover a fantastic opportunity to invest in a prime property featuring a successful restaurant and six B&B suites, now available for £2,550,000 in Ferragudo, Portugal. This business is situated in the bustling town centre square, providing impressive views of the Arade River and just 500m from the beach, making it a sought-after location for tourists. The freehold includes the property, the goodwill of the restaurant operating on the ground floor, and well-established B&B suites on the first floor, perfect for buyers looking to enter the hospitality market. Spanning 280m², the restaurant can accommodate 55 guests with an inviting bar area and a diverse menu, ensuring repeat custom from locals and visitors alike. The first floor boasts a reception area and six en-suite bedrooms that are fully furnished, enhancing guest comfort. Each suite is equipped with modern amenities such as flat-screen TVs, cable channels, and stylish bathrooms, ensuring a high standard of accommodation. This thriving business model promises a significant return on investment, thanks to its central location and established clientele. Additionally, the property includes a terrace area for outdoor seating, accommodating an extra 69 guests, ideal for the warmer months. With nearby amenities like shops and recreational activities, this is a great lifestyle investment or conversion opportunity. Don't miss this chance to secure a unique commercial venture in the Algarve. Contact us now to schedule a viewing!.
• 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
