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Ferragudo
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How to invest in a commercial plot with a hostel project in the Algarve?

Plot in Ferragudo

ref. LE1279
1.007.274CHF 869.919CHF
  • NA
  • 20
  • 20
  • 720m2

Investing in this commercial plot in Ferragudo, Algarve, is straightforward with the provided approved project for a hostel already in place. Priced at €950,000, this property not only includes a generous plot of 720m² but also features plans for 20 en-suite rooms, each equipped with a private terrace, creating an ideal environment for future guests. This favorable positioning within 400 metres of beautiful beaches and convenient access to local amenities makes it a lucrative investment.
The approved project involves constructing a three-storey building, which facilitates substantial guest capacity and includes communal areas for social engagement. With such features, potential buyers can expect robust rental yields from the tourist population visiting this remarkable coastal town. Ferragudo itself is known for its unobtrusive charm and natural beauty, making it appealing to holidaymakers.
Investors will benefit from the steady flow of tourists seeking high-quality accommodations and authentic experiences in Portugal’s picturesque Algarve. The close proximity to schools, golf courses, and restaurants makes this location even more desirable.
This investment opportunity presents not just a commercial plot but a thriving venture in one of the Algarve's most beloved destinations. Join the hospitality boom in Ferragudo—contact us today to learn more!

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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