Discover this prime business property in Ferragudo that houses both a successful restaurant and guest suites for a total investment of €2,550,000. This unique opportunity consists of a bustling restaurant on the ground floor and six en-suite B&B suites upstairs, perfectly positioned by the Arade river in the heart of the town square. This venue is well-suited for entrepreneurs seeking to enter the hospitality market in a highly sought-after Algarve location.
The property features a spacious restaurant area that accommodates up to 55 diners and offers a well-equipped kitchen and bar. The first floor hosts 6 tastefully decorated B&B suites, all designed with guest comfort in mind, providing key amenities like flat-screen TVs, hairdryers, and air conditioning. Together, these elements create an inviting atmosphere that keeps clients returning.
With a total space of 280m² and a terrace accommodating 69 guests, your visitors will enjoy the scenic views while dining al fresco. The property's proximity to the beach and local attractions benefits the B&B aspect, making it appealing to visitors year-round. Investing in this combined restaurant and B&B property means capitalising on the existing goodwill of both operations and tapping into the thriving tourist market in Ferragudo. Request further information or arrange a viewing to explore this wonderful investment opportunity today!
• 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
