Investing in a restaurant business with guest suites near the Arade River offers a lucrative opportunity for long-term returns at an asking price of €2,550,000. This unique property combines a flourishing restaurant and six fully-equipped B&B suites, making it ideal for buyers seeking to capitalise on the booming hospitality market in Ferragudo. The restaurant enjoys a steady stream of customers, thanks to its prime location in the bustling town square.
With a seating capacity of 124, including an inviting outdoor terrace, this establishment is perfectly situated to attract both tourists and locals alike. The B&B suites are tastefully decorated and include all modern amenities, including ensuite bathrooms, flat-screen TVs, and Wi-Fi for guests, ensuring high levels of comfort.
Renovated recently in 2018, this property demonstrates both character and contemporary functionality. The stunning views of the Arade River and closeness to the beach contribute to an ideal location for holiday makers, thus enhancing the viability of potential rental income.
Additionally, the local amenities, coupled with a vibrant social scene, further support the growth potential of this investment. For those interested in leveraging the ongoing tourism boom in the Algarve, this property stands out as a prime investment with excellent ROI potential. Don't wait—contact us today to schedule a viewing and explore the possibilities!
• 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
