Investors can buy a restaurant with terrace seating approximately 400 metres from the beach in Ferragudo for €925,000. The 581m² commercial property occupies a central position on the main street of this attractive Algarve coastal town. Its terrace, two dining areas and large kitchen provide a strong base for a new hospitality business. The ground floor measures around 408m² and includes an expansive open-plan dining room. A 168m² gallery on the upper floor overlooks the principal dining area and adds valuable separation between customer spaces. The terrace offers the possibility of outdoor dining and may have scope for expanded seating with the required approvals. A central Ferragudo address places the premises close to shops, cafés, bars and other amenities. The riverside is known for seafood restaurants and views of the Arade estuary. Ferragudo also attracts visitors to its beaches, traditional streets and historic landmarks. Praia Grande offers water sports and leisure activities within the wider local area. The commercial kitchen is large and accompanied by five storage rooms for stock and equipment. Two staff bathrooms with showers and changing rooms support an organised working environment. Three customer bathrooms are available, including one suitable for disabled visitors. The property was constructed in 2009 and has an energy rating of C. Pre-installed air conditioning, double glazing and all mains services add practical value. Outdoor parking is also available for operational convenience. The restaurant is currently not in operation, allowing an investor to introduce a new concept, operator or trading model. Potential income, occupancy levels and return on investment would depend on the business plan, management and market performance. The location could appeal to an owner-operator, hospitality company or buyer seeking an Algarve commercial asset with tourism exposure. Contact us to assess the opportunity and schedule a viewing of this beach-adjacent restaurant premises.
• Business not in operation
• Total area 581m²
• Ground floor 408m²
• Gallery 168m²
• Constructed 2009
• Nearest beach 400m
Ferragudo is a small attractive fishing town located on the mouth of the river Arade and has a close-knit community of Portuguese and expats alike. Impressively, Ferragudo has managed to maintain much of its traditional charm, escaping the typical wholesale development that has invaded the Algarve coast line and surrounding towns. Consisting of typical whitewashed cottages, low rise buildings and a warren of cobbled streets. Located directly on the river front with many cafes, bars and restaurants where you can not only eat the catch of the day but watch it being unloaded. For such a small town there are many focal points including the church which sits prominently on the top of the hill in the center of the town. The 16th century medieval castle, Castelo de Sao Joao located on Angrinha beach and a cute little lighthouse also set the scene for this quaint, relaxed little town. Ferragudo also boasts an array of fine beaches ranging from small and sleepy to the aptly named, Praia Grande where you can partake in a number of water sports and activities.
Located on the ground floor of a modern apartment building on the main street in Ferragudo, this large commercial property is designed to be very open and spacious with high ceilings and tall pillars. Consisting of two floors, the ground floor has many windows and an outside terraced area with potential to expand the seating. The ground floor consists of a large open, high ceilinged dining room and 3 client wc´s, one of which is disabled. The service area consists of a bar followed by kitchen which has 5 storage rooms, 2 staff bathrooms with shower and changing rooms. On the top floor you will find the second dining room, a large gallery which overlooks the ground floor.
Amenities
• Centrally located
• 5 storage rooms
• Disabled friendly
• Close to all amenities
Location
• Nearest beach 400m
• Nearest golf 4km
• Distance from airport 66km
• Nearest school 1km
• Nearest town 100m
