Explore the opportunity to invest in a successful restaurant combined with B&B accommodations located in the vibrant town of Ferragudo. This property, for sale at €2,550,000, boasts a lucrative setup with six beautifully appointed ensuite suites on the first floor and a bustling restaurant on the ground level. Perfect for individuals seeking a profitable business venture, the restaurant can seat 124 guests, making it ideal for lively gatherings.
Situated in the town square and just minutes from the beach, this site enjoys a prime position amidst local restaurants and shops, drawing both tourists and locals alike. Each of the six suites is offered fully furnished, providing guests with a comfortable stay complete with modern amenities. With a total area of 280m², this property was renovated in 2018, ensuring that it meets the expectations of today’s discerning travellers while offering a touch of historic charm.
Investing in this property not only provides direct income but also places you in a location recognized for its scenic beauty and tourist attractions. The growing demand for short-term rentals in the Algarve points toward substantial returns on investment for savvy buyers. The well-established restaurant comes fully equipped, including modern kitchen facilities and an inviting bar area.
With a strategic focus on hospitality and location, this property is an ideal choice for those looking to make a mark in Ferragudo's hospitality sector. Schedule a viewing today to discover the full potential of this incredible investment opportunity!
• 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
