Discover an exceptional investment opportunity with this plot that comes with an approved project for a hostel in central Ferragudo. This prime location is set to feature 20 en-suite rooms, each boasting private terraces, ideal for attracting tourists seeking comfort and style. Just a short walk from stunning beaches and local amenities, this property offers a unique chance for buyers looking to invest in the Algarve's thriving tourism scene.
Ferragudo is a charming fishing town that retains its traditional appeal, making it attractive to both locals and visitors. The plot measures 720m² and is positioned within proximity to popular golf courses and a variety of exquisite restaurants. This development presents a solid ROI potential due to the growing demand for accommodation in this picturesque locale. With the nearest beach only 400m away and breathtaking views of the coast, this plot is perfectly situated for a successful hostel business.
Investors will appreciate that this new hostel is underpinned by the town's rich culture and beautiful surroundings. Ferragudo features stunning beaches and offers ample opportunities for water sports, which are immensely popular among tourists. The area is well-serviced, providing easy access to the vibrant city of Portimao, just across the bay. With underground parking available for guests and a layout designed to maximise utility, this investment could become a favourite for travellers.
For those interested in entering the hospitality market, this approved project is an outstanding prospect. Enjoy the benefits of owning a property that contributes to the local community while experiencing excellent growth and profit potential. Don’t miss out on this unique opportunity—contact us now to learn more and arrange a viewing!.
• 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
