Look no further than this successful restaurant and B&B investment opportunity located in Ferragudo, Algarve! This property is available for €2,550,000 and consists of a prime ground-floor restaurant alongside 6 B&B suites on the first floor. With an impressive seating capacity of 124 people across the two floors, it caters perfectly to locals and tourists, ideal for investors seeking a viable business model in this thriving destination.
Occupying a central position in the town square, the restaurant and suites are within walking distance of the beach and numerous amenities, making it a desirable lodging choice for visitors. The restaurant is fully equipped with modern facilities, including a well-designed kitchen. The B&B suites each boast en-suite bathrooms and modern comforts, ensuring a pleasant stay for all guests.
The property offers a combined living area of 280m² and features like a terrace for al fresco dining with river views that enhance the overall guest experience. Additional investment benefits can be realised from the goodwill of both businesses, providing established clientele and a solid reputation in the local community. This is a rare opportunity to invest in a well-established venture in the beautiful Algarve region. Contact us today to learn more or book 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
