You can find an excellent investment opportunity for a hostel project right in the heart of Ferragudo. This centrally located plot offers an approved project for constructing the first hostel in this charming fishing town, featuring 20 en-suite rooms, all with private terraces. Priced at €950,000, this investment promises significant returns given Ferragudo's bustling tourism and its proximity to beaches and amenities, making it perfect for buyers looking to enter the hospitality market in a prime Algarve location. Ferragudo is renowned for its natural beauty, traditional charm, and vibrant community atmosphere, which draws tourists year-round. With beautiful restaurants, cafes, and picturesque cobbled streets just steps away, this hostel project offers a unique blend of modern hospitality and local charm. The 720m² plot is within walking distance of the nearest beach, only 400m away, enhancing the appeal for potential guests. As Ferragudo maintains its authentic character, it significantly contrasts with the typical developments in the Algarve, making this an even more attractive option for investors. You’ll also benefit from an underground garage with spaces for 11 vehicles, ensuring convenience for both staff and guests. The designed communal spaces, including a living room and laundry, make this hostel likely to thrive in such a desirable location. With easy access to local golf courses and other attractions, this property is an ideal investment for those looking to capitalize on tourism in the Algarve region. Don’t miss your chance to invest in this exciting project. Contact us today to find out more about this outstanding opportunity!
• 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
