You can find a thriving restaurant business with accommodation for sale right in the heart of Ferragudo. This property features not only a full-operating restaurant but also 6 B&B suites that generate additional income year-round. The restaurant has a prime location, offering views of the Arade River, making it a perfect spot for dining and attracting guests. The ground floor restaurant area covers 140m² and can comfortably seat 55 patrons, complemented by 2 WCs for convenience. The first floor offers a reception area and 6 ensuite bedrooms, all adorned with modern amenities such as flat-screen TVs and cable channels. Given the building's history dating back to 1952 and its recent renovations, you’ll appreciate both the charm and the modern comforts it offers. This property is an ideal investment for those looking to delve into the hospitality industry in the Algarve. With a total plot area of 280m², there’s ample space for growth or adaptations as desired. Local attractions, beaches, and amenities further add to the appeal of this location. Explore this exciting opportunity today; contact us for a viewing and further information!
• 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
