Your Property Specialists
Ferragudo
Full Screen

What is the cost of a plot with approved project for a hostel in Ferragudo?

Plot in Ferragudo

ref. LE1279
1.100.000€ 950.000€
  • NA
  • 20
  • 20
  • 720m2

The cost of this exceptional plot with an approved project for a hostel in Ferragudo is €950,000. This includes the 720m² land and the fully approved plans to construct the first hostel in this picturesque fishing town. The project outlines a three-storey building featuring 20 en-suite rooms, each with private terraces, perfect for guests seeking comfort and tranquility. Located only 400 meters from the nearest beach, this investment presents a prime opportunity for those looking to tap into the bustling tourism sector. Ferragudo is known for its charming cobbled streets, local restaurants, and stunning views across the river to Portimão. With an underground parking facility for 11 vehicles and various storage rooms, the property is designed to cater to modern hospitality needs. This strategic location also offers proximity to golf courses and various water sports activities. Investing in this plot not only promises a lucrative return due to the area's high demand from tourists but also allows you to be a part of a community that retains much of its traditional charm. With the possibility of generating substantial rental income, this is the perfect venture for savvy investors. Don't miss out on this golden opportunity to establish a successful hospitality business in one of the Algarve's most sought-after locations. Contact us today to schedule a viewing and explore the potential of this investment!

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
Enquire Now   +