Discover this incredible investment opportunity in Ferragudo with a commercial plot available for sale featuring an approved project for the first hostel in the area. This prime location plans for 20 en-suite rooms, each with private terraces, making it an attractive option for potential buyers looking to tap into the thriving tourism market in the Algarve. Just 400 metres from the nearest beach and within walking distance to local amenities, this plot offers an ideal setting for a hostel that can draw in visitors seeking a unique Portuguese experience.
The approved plans include three storeys, providing ample accommodation for up to 60 guests with additional communal spaces like a living room and laundry facilities. The underground garage accommodates 11 cars, ensuring convenience for both guests and staff. Ferragudo remains a charming fishing town, perfectly blending traditional Portuguese culture with modern necessities, ensuring a steady influx of visitors.
Situated just across the river from Portimão, this property is surrounded by numerous golf courses, restaurants, and stunning beaches, ideal for tourists engaging in water sports and outdoor activities. Additionally, by investing in this project, you could benefit from the growing demand for tourist accommodation in the Algarve.
With a competitive price of €950,000, this property represents an excellent opportunity for savvy investors looking to make a profitable venture in the hospitality sector. Don't miss your chance to secure this unique plot. Contact us now to schedule a viewing and explore this exciting 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
