Discover our fantastic property that includes a successful restaurant and B&B suites located mere steps from the Arade River in Ferragudo. This business opportunity is currently listed at €2,550,000, including the freehold of a vibrant restaurant and six well-equipped guest suites. Located in the lively town square, this property enjoys great foot traffic from locals and tourists alike, making it an ideal spot for anyone looking to manage a hospitality business. The restaurant boasts a serving capacity of 124 guests, perfect for hosting events or busy evenings. Six ensuite suites ensure a steady flow of overnight guests as tourism in the Algarve flourishes. The 280m² space is divided effectively to serve both culinary and accommodation needs efficiently. With major renovations undertaken in 2018, you can expect a modern and appealing environment for visitors. The nearby beach, just 500 metres away, and local amenities add to the allure of the location. This combination of restaurant and B&B presents an exciting investment opportunity for those looking to delve into the hospitality business. Get in touch today to discuss this remarkable property further!
• 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
