This commercial property with a restaurant and six B&B suites in Algarve is priced at €2,550,000. This comprehensive package includes the freehold of the property along with established business goodwill, a lucrative investment opportunity for the discerning buyer. Situated in the vibrant centre of Ferragudo, the property enjoys high visibility and foot traffic, critical for a thriving business. The restaurant occupies 140m², with a stylish bar and kitchen, while the six en-suite suites are designed for modern comfort. The recent renovations in 2018 mean everything is up to date and appealing to guests. The property also features substantial outdoor seating areas and is only a short stroll from beaches, increasing its desirability for visitors. With a combination of hospitality and accommodation services, this investment offers a versatile income stream. Consider how this opportunity aligns with your investment portfolio. Don’t hesitate to get in touch for further details or a viewing—this gem won’t be on the market for long!
• 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
