Acquiring a freehold restaurant with B&B suites in Ferragudo comes with numerous advantages for the discerning investor. This property is strategically located in a prime area on the Arade River, surrounded by local amenities and within walking distance to the beach, making it a hotspot for visitors year-round. The business model offers dual revenue streams, with the restaurant providing daily income and the B&B catering to holidaymakers seeking comfortable accommodation. Furthermore, the property includes 6 ensuite suites, designed to accommodate various guest needs, ensuring an attractive ROI. The restaurant, with its operational readiness and established clientele, also features a terrace with outdoor seating, enhancing its appeal during warm months. As tourism in Algarve continues to thrive, this opportunity is poised for growth. Don't hesitate to take action on this profitable investment! Contact us today to explore this unique offering and secure your future in the hospitality industry.
• 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