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March 24, 2024

Bed & Breakfast and Restaurant for Sale in Ferragudo

🏨 6 Bedrooms | 6 Bathrooms

🔗 Listed on: Idealista

📐 280 m² | 9.107 €/m²
💸 2.550.000 €
✨ Highlights
  • Renovated in 2018
  • Fully operational restaurant, seats up to 124 people
  • Ranked 11 of 47 restaurants in Ferragudo on Tripadvisor
  • 70 km from Faro airport

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⭐ Public reviews
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👍 Positive feedback from guests
  1. Location: The hostel is praised for its excellent location, situated among bars and restaurants, and close to beautiful beaches.
  2. Cleanliness: Many guests appreciated the cleanliness of the rooms and common areas, mentioning that the rooms were spotlessly clean and well-maintained.
  3. Friendly Staff: Guests consistently mentioned the friendly and helpful nature of the staff and owners, noting their willingness to provide assistance and recommendations.
  4. Facilities: The hostel offers good facilities, including complimentary tea, coffee, biscuits, and fruit in the communal area. Some guests also enjoyed discounts at nearby restaurants.
  5. Comfort: Guests found the rooms comfortable, with amenities like air conditioning and comfortable beds being highlighted.

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👎 Negative feedback from guests
  1. Noise: Several guests mentioned noise as a downside, especially at night due to the hostel's proximity to restaurants and bars. This might be a concern for light sleepers or those seeking a quiet environment.
  2. Stairs: Some guests noted that the stairs to access the property were steep, which could be challenging for individuals with mobility issues.
  3. Minor Maintenance Issues: A few guests reported minor maintenance issues such as slow-draining showers or non-functioning fridges in their rooms.

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📊 Performance

The hotel didn't provide the performance data (ADR, Occupancy Rate, etc.)

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✍️ Description from the real estate agent

Fado Real Estate is pleased to present an outstanding investment opportunity involving the acquisition of both the building's freehold and the established goodwill of two thriving enterprises. This unique offering includes a highly successful ground-floor restaurant and a six-suite bed and breakfast business located on the first floor. Positioned in the vibrant town center square overlooking the picturesque Arade river in Ferragudo, this proposition boasts significant potential.

Ground Floor - Restaurant:

- Restaurant area: 140 m², terrace area: 70m²
- Total seating capacity: 124 guests (55 in the restaurant, 69 on the terrace)
- Features a bar area, kitchen facilities, and restrooms
- Operational hours: open daily from 08:00 to 22:30

First Floor – B&B Suites:

- Living area for suites: 140 m²
- Reception area
- 6 En-suite bedroom suites (5 with showers, 1 with a bath)
- Each room equipped with flat-screen TVs, cable channels, hairdryers, towels, and bed linens

Additional Information:

- Storage available in the cellar and attic
- Features double glazing, UV protection, heating-cooling system, AC, and alarm system
- Annual terrace rent: €1,610
- Renovated in 2018
- Furniture provided (excluding a few personal items)

Is this a good deal?
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