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

Plot in Ferragudo

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

The cost of this enviable plot with an approved project for a hostel in Ferragudo is set at €950,000, offering an exceptional investment opportunity in the Algarve region. This price includes the 720 square meter plot and all necessary permits to build 20 en-suite rooms, complete with private terraces. The strategic location enhances its value as it's within walking distance to the nearest beach, just 400 metres away, ensuring a steady flow of guests throughout the year.

Investors will find that the hostel project serves a growing demand for accommodation in the Algarve, particularly with its appealing design that prioritises guest comfort and convenience. The project features ample facilities, including underground parking for 11 cars and a communal living area that fosters a welcoming environment. Owning this plot means being part of a vibrant community that celebrates its fishing town heritage while attracting visitors from all around the world.

The surrounding amenities further enrich this investment, with local cafes, bars, and restaurants offering diverse culinary experiences close at hand. The plot's proximity to various golf courses and leisure activities is another selling point, catering to the diverse interests of tourists. Advancing on this project not only assures a profitable return but also allows for participation in the enchanting lifestyle that Ferragudo offers. Don't miss your chance to purchase this sought-after property; contact us for further details!

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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