Investing in a prime restaurant with B&B suites in the Algarve has never been more accessible! This exceptional property in Ferragudo offers both a successful restaurant and six well-furnished B&B suites for an asking price of €2,550,000. Perfect for buyers seeking a lucrative commercial venture, this property presents a unique opportunity to blend hospitality and dining in a thriving tourist area.
Located right in the town square on the banks of the Arade River, this restaurant features seating for 55 guests, a well-equipped kitchen, and an inviting bar. The B&B suites, located on the first floor, all include ensuite bathrooms, providing guests with a comfortable and memorable experience. Each suite comes equipped with modern amenities such as flat-screen TVs and air conditioning.
The value in this property lies not just in its current operations but also in its potential for further growth, especially as the Algarve continues to attract international tourists year-round. With outdoor seating available for 69 more guests, you're presented with even more income opportunities.
As the property is just 500 meters from the beach and close to local amenities, it ensures a continual flow of visitors, making it an excellent investment for future growth. This is an ideal buy for anyone looking to dive into the hospitality business. Act now and be a part of this thriving community; contact us to learn more!
• 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
