This unique commercial property for sale includes a successful restaurant and 6 guest suites, specifically located in the desirable area of Ferragudo, close to Faro. Encompassing both dining and accommodation, the property is ideal for buyers interested in owning a versatile and profitable business. With a sizable living area of 280 m², the restaurant comfortably accommodates 55 diners inside and up to 69 on the terrace, ensuring an inviting space for patrons to enjoy their meals while taking in scenic views. Additionally, the six en-suite suites on the upper floor provide modern comforts with air conditioning and free Wi-Fi for guests. Being just 500m from the beach, this property is appealing for visitors and locals alike, making it an ideal investment for tourism-related activities. The property’s combination of a thriving restaurant and an established B&B model offers exceptional rental income potential. Invest in a location that offers rich community values and booming tourism. If you’re looking for a unique venture in Faro, this may be the perfect choice. Inquire today for more details!
• 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
