A 20-bedroom hostel development plot near Ferragudo beach is offered for €950,000. The purchase includes the 720m² plot and approved project, but construction of the proposed building is not included. For this price, buyers acquire a planned three-storey hospitality concept with 20 en-suite rooms, 60 beds and private terraces. The nearest beach is around 400 metres away, placing the project within easy reach of the Algarve coast. The accommodation is intended for commercial use in the centre of Ferragudo. Six en-suite bedrooms with three beds each are planned for the ground floor. Eight further en-suite bedrooms are specified for the first floor. The second floor includes another six en-suite bedrooms with terraces. Underground parking is designed for 11 cars and includes additional storage capacity. A communal lounge can provide a shared space for guests to relax and socialise. Laundry, service and storage areas are incorporated into the proposed layout. Two public WCs are planned on the ground floor. The design also includes an atrium and rooftop storage room. Ferragudo offers a quieter alternative to larger Algarve resort centres while remaining close to Portimão. The town is known for its fishing heritage, traditional architecture and cobbled lanes. Cafés, bars and restaurants are located around the riverfront and central streets. Praia Grande, Angrinha Beach and other coastal areas provide leisure and watersports opportunities. Nearby golf courses are approximately 4 kilometres away. Faro Airport can be reached from the property at a distance of about 66 kilometres. Buyers should budget separately for construction, professional fees, financing, furnishing, licensing and operating expenses. Request the full project information and contact us to discuss purchasing this approved hostel opportunity.
• 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
