This central Ferragudo plot is a commercial property investment in the Algarve that includes an approved hostel project. It is available for €950,000 and comes with a 720m² site and plans for a three-storey, 20-bedroom hostel. The approved project allows for 60 beds, with every room designed to include an en-suite bathroom and private terrace. The land is approximately 400 metres from the nearest beach and around 350 metres from the sea. Buyers looking to establish a hospitality business can therefore acquire a site with a defined development concept in a popular coastal region. The sale price covers the plot and approved project only, with construction remaining the purchaser’s responsibility. The planned underground garage has room for 11 cars and includes five storage rooms. Further storage, laundry and service areas are proposed within the building. Guests can use a communal living room on the ground floor. The bedroom arrangement spans all three storeys to make efficient use of the site. Ferragudo’s central position places residents close to local amenities and the riverfront. Traditional whitewashed houses and low-rise buildings give the town a distinct identity. Restaurants and cafés serve the local catch and overlook the River Arade. Praia Grande offers beach access and a range of potential watersports activities. Castelo de São João beside Angrinha Beach is one of the area’s notable landmarks. Portimão is located across the bay and provides broader retail, transport and business facilities. The nearest golf course is approximately 4 kilometres away, widening the potential visitor market. Faro Airport is about 66 kilometres from the development site. Possible income could come from short-term accommodation, group bookings or other approved hospitality uses, although financial results depend on demand, management and final construction costs. Independent feasibility, licensing and ROI advice should be obtained before committing to the investment. Contact us to explore the documents and arrange a detailed discussion about this Algarve commercial 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
