The price of a fully approved hostel project plot in Ferragudo is currently listed at €950,000, which includes the land and the detailed architectural plans for a 20-room hostel. This price is highly competitive, especially given the prime location just 400m from the nearest beach and close to essential amenities. By securing this plot, investors can tap into the growing tourism market of the Algarve region.
The approved project features a well-thought-out design encompassing en-suite rooms with private terraces, which are essential for providing guests with an enhanced experience. The strategic layout also includes communal spaces, offering an inviting atmosphere for visitors and increasing the potential for repeat business. Furthermore, the inclusion of 11 parking spaces underground ensures convenience for both guests and management.
Ferragudo is known for its charming aesthetic and community spirit, making it an attractive destination for both vacationers and expatriates. With a steady stream of summer tourists and seasonal festivals, the hostel promises strong rental income and investment growth over time.
Investors keen on developing a hospitality venture will find this opportunity particularly appealing, as the groundwork is already laid. The combination of location, local charm, and approved project makes this an exceptional investment. Interested buyers should act quickly, as unique opportunities like this do not last long. Contact us today to discuss how you can acquire this prime plot.
• 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
