Discover the prime location in Ferragudo offering an exceptional opportunity to buy a restaurant alongside six en-suite B&B suites. This commercial property, available for €2,550,000, is situated in the bustling town centre square on the scenic Arade River, ensuring high visibility and foot traffic. Buyers seeking a lucrative hospitality venture will find this location truly advantageous, with the beach just 500 metres away and amenities close at hand.
The ground floor features a well-established restaurant with a 140m² dining area, capable of seating up to 55 guests. The open terrace, part of the restaurant, accommodates an additional 69 patrons, making it perfect for outdoor dining with beautiful river views. On the first floor, guests can unwind in one of the six private en-suite bedrooms, all equipped with modern facilities, ensuring a comfortable stay.
This property has undergone renovations in 2018, aligning it with contemporary market demands while preserving its original charm. Positioned to attract a diverse clientele, it includes three different all-inclusive menu formats hosted in the restaurant, catering to a variety of tastes. With annual terrace rent set at just €1,610, this business model promises robust financial performance.
Serious buyers looking for a well-rounded investment opportunity in Ferragudo should act quickly. Schedule a viewing today to appreciate the potential of this exceptional investment!
• 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
