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Ferragudo
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How can I invest in a hostel development in Ferragudo?

Plot in Ferragudo

ref. LE1279
1.100.000€ 950.000€
  • NA
  • 20
  • 20
  • 720m2

Investing in the hostel development in Ferragudo is straightforward and exciting, as this plot comes with an approved project ready to be executed. Priced at €950,000, this investment offers a unique chance to build the first hostel in a charming coastal town known for its beautiful beaches and vibrant community. The approved plans allow for 20 en-suite rooms, each equipped with private terraces, catering well to tourists craving comfort and local charm. Located just 400 meters from the beach, this site sees a consistent influx of visitors ideal for a hostel setting. Ferragudo's hospitality environment, close to restaurants, shops, and leisure activities, enhances its appeal as a prime location for a successful investment. With an underground garage accommodating up to 11 cars and strategic design to include modern amenities, this hostel project is set to thrive. Buyers will benefit from Ferragudo's tourism growth and the locals' welcoming spirit, enhancing guest experiences and, consequently, your potential ROI. This investment also provides the option for rental income, thanks to the area's popularity among tourists who flock to experience its aesthetics. Take advantage of this opportunity to build a profitable business in the heart of the Algarve! Get in touch to explore the possibilities today.

Usage
Commercial
Type
Plot
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (Central)
Rooms
21
Bedrooms
20
Bathrooms
20
Floors
3
Plot Area
720 m²
Underground Garage, Autom. Garage Door, Parking outdoors
Lounge
Balcony/Terrace
Storage, Laundry, Pantry
Bedroom 1
Ground Floor, 6, En-Suite, Terrace
Bedroom 2
First Floor, 8, En-Suite, Terrace
Bedroom 3
Second Floor, 6, En-Suite, Terrace
2 Family Bathrooms, Ground Floor
Double glazing, PVC
Town View
• Approved project
• 20 en-suite rooms with private terraces
• 60 beds
• Underground parking
• Plot 720m²
• Nearest beach 400m
• The price includes the plot and the approved project but not the construction of the building

Superbly located plot in the heart of Ferragudo with an approved project to construct a 3 story 20 bedroom hostel.

Ferragudo is a small attractive fishing town located on the mouth of the river Arade and has a close nit community of Portuguese and ex pats alike. Impressively, Ferragudo has managed to maintain much of its traditional charm, escaping the typical wholesale development that has invaded the Algarve coast line and surrounding towns. Consisting of typical whitewashed cottages, low rise buildings and a warren of cobbled streets. Located directly on the river front with many cafes, bars and restaurants where you can not only eat the catch of the day but watch it being unloaded. For such a small town there are many focal points including the church which sits prominently on the top of the hill in the center of the town. The 16th century medieval castle, Castelo de Sao Joao located on Angrinha beach. and a cute little lighthouse also set the scene for this quaint, relaxed little town. Ferragudo also boasts an array of fine beaches ranging from small and sleepy to the aptly named, Praia Grande where you can partake in a number of water sports and activities.

The building consists of an underground garage with space for 11 cars and 5 storage rooms. The ground floor has two public WCs, a communal living room, laundry and service and storage areas, 6 individual en-suite bedrooms containing 3 beds, each having its own private terrace. The first floor consists of a further 8 individual en-suite bedrooms with private bathrooms and terraces. There is a further storage room and atrium on the roof.

Amenities

• 8 storage rooms
• Atrium
• Communal living room

Location

• Distance to sea 350m
• Nearest beach 400m
• Nearest golf 4km
• Distance from airport 66km
• Nearest school 1km
• Nearest town 100m
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