If you're searching for prime commercial property for sale near the Arade river, look no further than this exceptional restaurant and B&B business in Ferragudo. Available for €2,550,000, this property not only offers a fantastic location but also features a successful restaurant operation combined with 6 well-appointed B&B suites. The property is located in the vibrant town centre square, just steps away from the beautiful Arade river.
This commercial opportunity spans 280m² of prime real estate, including a restaurant area capable of seating 55 guests along with an open terrace for approximately 69 additional patrons. The location is not only picturesque but also draws significant foot traffic, making it perfect for attracting diners and holidaymakers alike.
The B&B suites, all en-suite, are designed with guest comfort in mind and come with essential amenities, making them highly desirable for tourists. With a fully fitted kitchen and modern bar area in the restaurant, this property promises an enjoyable dining experience for every visitor.
Being just 500m from the beach and close to various local amenities adds further appeal to this investment. As a potential buyer, you'll have access to a lucrative market that continues to grow in popularity. This is a rare chance to own a thriving business in one of Algarve's most sought-after locations. Schedule a viewing today to explore the potential this property has to offer!
• 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
