Buying a restaurant with en-suite suites in Algarve's town centre is an excellent investment opportunity, especially with this property available for €2,550,000. This listing not only includes a successful restaurant but also features 6 en-suite B&B suites, making it ideal for capitalising on the tourism market. Situated in the lively town square of Ferragudo, the location offers wonderful views of the Arade river and easy access to local amenities.
The property encompasses a total area of 280m², with the restaurant boasting a bar area and the capacity to seat 55 diners inside, with an additional outdoor terrace accommodating up to 69 more guests. This versatility is critical for maximizing revenue during the busy tourist season. With a newly renovated environment that combines style and functionality, this property is built to attract and retain customers.
The en-suite suites come equipped with all necessary amenities, making them highly desirable for travellers looking for luxury and comfort. The investment potential is robust, as the location is just 500m from the beach, contributing to a steady stream of tourists year-round, thus ensuring a good return on investment.
Top-notch features like air conditioning and free Wi-Fi enhance guest experience, making this property even more appealing. Currently in operation, you can step into a flourishing business model with established clientele and proven revenue streams. If you're looking for a lucrative opportunity in the heart of one of Algarve's most popular towns, this property is a must-see. Contact us today to find out more and arrange a viewing!
• 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
