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Ferragudo
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What is the cost of a residential plot in Ferragudo with an approved hostel design?

Plot in Ferragudo

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

This residential plot in Ferragudo, available for €950,000, comes with an approved design for a state-of-the-art hostel featuring 20 en-suite rooms with private terraces. This is an incredible opportunity for investors looking to enter the buzzing hospitality market in the Algarve. Given the charming allure of Ferragudo, with its cobbled streets and quaint fishing port atmosphere, this location is ideal for attracting a steady stream of guests.

The plot spans 720 square metres and is strategically positioned just 400 metres from pristine beaches, ensuring that guests will always have easy access to sun and surf. The approved project includes modern amenities such as underground parking for 11 vehicles, which is a significant advantage in this tourist-frequented area.

The hostel's design allows for a maximum capacity of 60 guests, presenting a lucrative investment opportunity through short-term rentals for holidaymakers. Ferragudo is surrounded by beautiful golf courses and renowned restaurants that offer visitors a taste of Algarve’s rich culinary landscape.

Investors will appreciate the unique balance of local culture and hospitality in this quaint town—a perfect blend fostering positive guest experiences. The combination of strategic location, defined project parameters, and cultural appeal makes this plot an unbeatable investment. Don’t miss out—contact us today to start your journey in the Algarve hospitality market!

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
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