Investing in a plot for a hostel close to the beach in the Algarve is an enticing opportunity, especially in Ferragudo. This centrally located plot comes with an approved project for the first hostel in the area, featuring 20 en-suite rooms, each with private terraces. Positioned just 400m from the beach and within walking distance of local amenities, this investment promises excellent potential for anyone looking to capitalise on the Algarve's tourism market.
Ferragudo, with its charming fishing town atmosphere, offers a unique blend of traditional culture and modern comforts. The hostel's design includes underground parking for 11 cars and ample communal spaces, making it ideal for hosting guests. Nearby, you will find beautiful beaches, golf courses, and a network of restaurants and cafes that enhance the local lifestyle.
The project plans detail three floors accommodating 60 guests, ensuring an impressive return on your investment through rental income. With close proximity to Portimao and stunning water activities, the hostel is perfectly suited for attracting tourists year-round. The initial asking price of €950,000 includes both the plot and the approved project, making this a rare investment opportunity in a sought-after region.
For buyers looking to enter the hospitality market or expand their investment portfolios, this property presents a magnificent opportunity. By capitalising on Ferragudo's charm and robust tourist demand, you can create a thriving business. Don’t miss out on this unique chance to own a piece of the Algarve! Contact us today to learn more.
• 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
