You can buy a profitable restaurant with B&B suites right in the heart of Ferragudo! This exceptional opportunity includes the freehold of a well-established restaurant on the ground floor and six en-suite B&B suites on the first floor, making it perfect for buyers looking to invest in the booming hospitality sector. Located just 500 meters from the beach and with beautiful views of the Arade river, this property attracts both local diners and tourists. The restaurant currently serves 55 diners and includes a bar and a modern kitchen, operating daily from 08:00 to 22:30. Upstairs, you’ll find six stylish suites, all with their own bathrooms and amenities ensuring a comfortable stay for guests. The living area spans 280m², offering ample space and a terrace that can seat an additional 69 people. Ideally located in the town square, you will have easy access to various amenities, enhancing the business's attractiveness. Recent renovations in 2018 ensure that the property is in excellent condition. This investment not only provides immediate income but also potential for growth in a thriving market. Consider the benefits of ownership in one of the Algarve’s most desirable locations. Don’t miss out on this unique opportunity; contact us to arrange a viewing today!
• 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
