Investing in a hostel property in Ferragudo offers numerous benefits, from unique architectural design to the undeniable appeal of coastal living. This approved hostel project encompasses 20 en-suite rooms, each featuring private terraces, perfectly suited for accommodating tourists. The appeal of Ferragudo, with its quaint atmosphere and beautiful scenery, ensures a steady influx of visitors, making it a fantastic opportunity for investment.
The property is located centrally, just 400m from pristine beaches and within walking distance to local amenities and restaurants. Ferragudo boasts distinctive charm, ancient castle remnants, and traditional whitewashed buildings, making it a favorite destination for holidaymakers. Owning a hostel here not only offers financial returns but allows investors to play a role in preserving the town's delightful culture.
With the local demand for diverse accommodation options on the rise, this developmental project is ideally positioned to thrive. The approved plans also feature crucial amenities such as underground parking for guests, enhancing convenience and satisfaction. Furthermore, offering water sports and relaxation opportunities nearby could significantly enhance the guest experience, ensuring repeat business.
This hostel therefore represents not just a property purchase but an invitation into a lifestyle infused with community spirit and natural beauty. The potential for strong ROI is coupled with a solid business opportunity that will have long-lasting impacts in the region. If you’re ready to explore these benefits further, contact us today for more details and to schedule a viewing!
• 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
