You can buy this 720m² commercial hostel plot with an approved project in central Ferragudo, Algarve, for €950,000. The approved scheme provides for a three-storey hostel with 20 en-suite bedrooms, 60 beds and private terraces. It is situated approximately 400 metres from the nearest beach and within walking distance of Ferragudo’s shops, restaurants and other amenities. The asking price includes the plot and approved project, but not the construction of the building. This makes the opportunity suitable for buyers seeking a defined hospitality development rather than an unplanned parcel of land. The proposed accommodation is arranged across the ground, first and second floors. Each bedroom is designed with a private terrace and en-suite facilities. An underground garage provides space for 11 cars, while five storage rooms are also planned. The ground floor includes a communal living room, laundry facilities, service areas and storage. Two public WCs are included for guests and visitors. Ferragudo is a traditional fishing town beside the mouth of the River Arade. Its whitewashed cottages, low-rise buildings and cobbled streets retain an authentic Algarve character. Riverfront cafés, bars and restaurants provide a lively setting close to the site. Praia Grande and other local beaches offer opportunities for swimming, watersports and relaxed coastal living. The historic Castelo de São João stands beside Angrinha Beach and adds a distinctive landmark nearby. Golf facilities are approximately 4 kilometres away, supporting demand from a broad range of visitors. Portimão lies across the bay and provides access to larger-city services, shopping and entertainment. Faro Airport is approximately 66 kilometres from the plot. The location may support seasonal accommodation, group travel and longer-stay hospitality concepts, subject to operating approvals and market research. Rental performance, construction costs and potential returns should be independently assessed before purchase. Contact us now to request the plans and arrange further information about this Ferragudo hostel investment.
• 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
