Discover the prime location in Ferragudo that offers a remarkable opportunity to own a restaurant alongside 6 en-suite B&B suites. This vibrant property is situated in the heart of the town centre square, immediately attracting tourists and locals with its excellent visibility and accessibility. The restaurant on the ground floor is currently successful, with seating for 55 guests and outdoor terrace space for an additional 69 patrons.
Each of the six B&B suites is fully equipped with modern amenities, creating a comfortable atmosphere for visitors enjoying the beautiful Algarve. The prime location guarantees easy access to the Arade river, enhancing the experience for guests and diners alike. Built in 1952 and renovated just five years ago, this property seamlessly blends historic allure with modern conveniences, ensuring a delightful experience for guests.
With easy links to local amenities and the beach just 500m away, this is not just a property, it's an investment into a thriving area. The total property area spans 280m², perfectly designed for its dual purpose. Investors will appreciate the operational aspects such as the manageable annual terrace rent and the void storage areas available.
For serious buyers, this is a golden opportunity to step into a flourishing business in Ferragudo. Contact us now to find out more about 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
