This listing features a remarkable property that includes both a successful restaurant and six exquisite B&B suites located in prime Ferragudo. Recognized for its strategic location in the town square by the Arade River, you are ideally positioned to attract a diverse range of clientele, from holiday-makers to local patrons. The restaurant boasts a comfortable seating area for 55 customers and a terrace that accommodates another 69, offering excellent outdoor dining options with lovely riverside views. Each of the six suites is en-suite, providing privacy and comfort for guests, further enhanced by modern amenities such as Wi-Fi and air conditioning. The building's renovation in 2018 means that the facilities are contemporary and attractive to potential business clients. With the restaurant operating daily from 08:00 to 22:30, continuous revenue is ensured. Located just 500m from the beach, the property is a gem for visitors searching for convenience and quality accommodation. This dual offering of a thriving restaurant and rental units makes it a unique investment opportunity in the vibrant Algarve market. Discover the potential of running a restaurant and B&B combination and invest in this promising property today. Reach out to us for more details!
• 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
