Central Ferragudo stands out as the ideal location for developing tourist accommodations, particularly with the approved project for a new hostel. With 20 en-suite rooms and private terraces, this property is strategically positioned just 400m from the beach, appealing to those looking to invest in the vibrant tourist sector. The close-knit community characteristics and picturesque surroundings create a truly unique atmosphere for any accommodation venture.
The site's proximity to local amenities, including exceptional restaurants and pristine beaches, further enhances its attractiveness to potential guests. Ferragudo’s charm, combined with historical landmarks like the 16th-century castle and local lighthouse, provides guests with a captivating experience. With easy access to not just beaches but also popular golf courses located only 4 km away, it attracts a wide range of visitors.
Investors can expect a competitive return on their investment, driven by the growing tourism sector in the Algarve region. This area is known for its beautiful coastal landscapes and diverse recreational activities, promising high occupancy rates for any hostel developed here. Additionally, features such as underground parking will cater to both convenience and enhanced guest experience.
Choosing Ferragudo means investing in a property that offers both financial benefits and the chance to be a part of a loving community. As more tourists flock to the area, this is an investment opportunity that cannot be overlooked. Contact us today to discuss where and how you can start your journey in this stunning region!
• 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
