The potential returns on investment for a hostel in the Algarve region are substantial, especially with a project like the approved hostel in Ferragudo. This particular property consists of 20 en-suite rooms, meaning 60 beds available to accommodate guests. Given the prime location just 400m from the beach and close to numerous local amenities, the profitability of this venture is significantly enhanced. The Algarve is a rising star in the tourism sector, consistently attracting a vast number of visitors seeking beach holidays and cultural experiences. With careful management and marketing, hostels in this area can achieve high occupancy rates, particularly during peak seasons, ensuring a steady stream of income. Additionally, with increasing interest in budget-friendly travel options, hostels are increasingly appealing to a diverse set of tourists, from backpackers to families. This facility's underground parking and communal living spaces also add value, providing an attractive edge over competing accommodations. The rich culinary and local scene in Ferragudo, along with its picturesque views, further guarantees a strong demand. Visitors are drawn not only by the allure of the sea but also by the charm of traditional Portuguese culture. With an investment of €950,000, the hostel's appeal and potential for high return make it a unique opportunity in the bustling Algarve market. Don’t miss the chance to secure your financial future in such a vibrant tourist destination. Contact us to discuss how you can capitalise on this investment 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
