Discovering investment opportunities for hostels in the Algarve has never been easier with this incredible plot for sale in Ferragudo. This prime location features an approved project for a hostel, which will cater to the growing demand for quality accommodation in a rapidly developing area. For €950,000, you can secure a plot that includes plans for a 20-bedroom hostel, complete with en-suite bathrooms and private terraces.
Ferragudo is strategically located just 400 meters from stunning beaches and features plenty of local amenities within walking distance, making it an inviting spot for tourists. This plot's design allows for a total capacity of 60 guests, offering ample potential for revenue generation. The surrounding area blends traditional charm with modern conveniences, ideal for attracting visitors year-round.
Not only does Ferragudo boast beautiful natural landscapes, but it also provides opportunities for various water sports and leisure activities, enhancing the appeal of this hostel venture. Investors will find value in the local community's close-knit atmosphere, which encourages return visits and positive guest experiences.
Additionally, this investment can be expanded with additional features or services, further enhancing the guest experience and ensuring competitive positioning in the accommodation market. Tap into the potential of the Algarve’s tourism boom with this unique opportunity.
Contact us today to explore this exciting investment before it’s taken off the market!
• 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
