Owning a restaurant with B&B suites in Ferragudo presents a phenomenal investment opportunity, strategically positioned in a high-traffic area near the Arade River. This property features a fully operational restaurant on the ground floor, seating 55 guests, complemented by an inviting terrace for additional outdoor dining. Above, six comfortable B&B suites await, all en-suite and equipped with the latest amenities, catering to a diverse clientele. With local tourism booming and the property located just 500m from the beach, this venture holds significant profitability potential. The establishment's renovation in 2018 enhances its desirability, with modern interiors balanced by classic architecture, attracting both discerning tourists and locals. Enjoy the revenue generated from both the restaurant and the B&B, especially during the peak holiday seasons. The dual functionality of this property not only provides steady income but also offers the ability to tap into various market segments, from casual diners to holiday-goers seeking a unique lodging experience. Furthermore, a reception area for the B&B ensures a seamless check-in for guests, enhancing their stay. This is an ideal investment for those looking to create a thriving business environment in one of Algarve's sought-after regions. Don’t let this outstanding opportunity pass by; contact us now to explore this investment 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
