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Ferragudo
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How much does a commercial property for a hostel in Ferragudo cost?

Plot in Ferragudo

ref. LE1279
190.388.652¥ 164.426.563¥
  • NA
  • 20
  • 20
  • 720m2

The cost of this outstanding plot for a commercial property, with an approved project for a hostel in Ferragudo, is currently set at €950,000. This investment covers the plot area of 720m² and includes plans for 20 en-suite rooms, each with private terraces, emphasising its appeal to serious buyers. Given the growing interest in the Algarve as a tourist destination, this pricing presents an excellent opportunity for ROI. Located central to Ferragudo, the hostel project benefits from close proximity to beaches, dining, and entertainment options, enhancing its attractiveness. The investment potential is substantial, accommodating up to 60 guests, making it a lucrative option for those looking to invest in the hospitality sector. The area boasts a charming landscape, with traditional architecture and a sense of community, all crucial for attracting visitors. Additionally, the site includes underground parking, a communal living space, and is designed to accommodate future growth. Investing in this property means securing a stable investment within an appealing tourist hotspot—explore this unique listing and contact us now to arrange a viewing.

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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