Thriving Bed & Breakfast Close to Carvoeiro and Ferragudo for sale in Lagoa, Algarve
695 000 €
Situated in a central location just a short drive from the popular fishing villages of Ferragudo as well as Carvoeiro, this recently modernised and updated property boasts a verifiable minimum income of € 50,000 for the main rental season.
The property consists of ten bedrooms and nine bathrooms set on two floors, with a breakfast/dining area, reception, kitchen and utility room. There are 6 en-suite guest rooms plus a 2-bedroom guest suite as well as the 2-bedroom owner's accommodation. The grounds cover over 4,200m2 and are flat and low maintenance, including a newly installed 10x5m swimming pool.
The entrance to the property is located just off a main road towards the coast. There is parking space space for two owner's vehicles at one side as well as a second entrance opening onto a car park for up to eight vehicles for guests.
A cosy reception area with counter is perfect for greeting guests. Opening off reception is a spacious dining area suitable for buffet breakfasts with counter-tops, fridge and storage cupboards. A wood burner keeps this room cosy during the colder winter months. Just off the dining room is a guest toilet.
Adjacent to the dining area is a large utility room with two washing machines, a tumble dryer and plenty of storage for bed linens and towels. This room leads to the kitchen, which has its own access to the outside drying area. There is plenty of storage, large fridges and freezers, a dishwasher and a large oven.
From the dining room an attractive hallway leads to 6 en-suite bedrooms all with patio doors and terraces to their own outside space and seating area. All bedrooms have air conditioning and two have underfloor heating. Three bedrooms overlook the pool and three bedrooms overlook the gardens and shady pergola area to the north.
Upstairs is a spacious suite that consists of a large double bedroom, a twin room and a bathroom with bath tub with shower over. There is also a sunny lounge with wood burning fireplace and double doors to a spacious private terrace with room for outside dining and lovely views over the pool and gardens. This suite has its own entrance via an external staircase.
From the reception area there are stairs to the owner's 2 bedroom apartment. The owner's accommodation is currently one double bedroom as the second bedroom is being used as a workshop/storage room. It has a newly renovated bathroom with underfloor heating and a spacious lounge with a wood burning fireplace. There are double doors to a balcony overlooking the gardens and pool.
The gardens are mostly to the south of the house and the recently constructed (2017) swimming pool is surrounded by terraces and decking for poolside relaxing in the sun. The 10x5m pool has pre-installation for heating if required and LED lights for night-time swimming.
There is plenty of seating around the pool and some sheds provide handy storage and space for outside entertainment. The gardens have automatic irrigation and the water is provided from the mains as well as from the irrigation canal system which is extremely cost effective.
The property has a 1000 litre solar panel system providing hot water. All windows are double glazed. All bedrooms have newly installed air conditioning and there are three wood burning fireplaces for the winter months.
Local supermarkets and restaurants are within walking distance and beaches are only a few minutes by car. This is a superb business opportunity in a great location.
- 6 en-suite bedrooms plus spacious 2 bedroom suite for guests
- verifiable minimum earnings of € 50,000 per rental season
- 2 bedroom owners accommodation
- air conditioning
- 3 wood burning fireplaces
- partial underfloor heating
- solar hot water (1000 litres)
- irrigation water from the canal system
- 10x5m recently built swimming pool
- car parking for 10 cars
- certificat d'énergie: D
- 397 m² de surface habitable
- 4203 m² de surface de terrain
62 photos as well as the HD Video Tour of this property.