Explore this stunning investment opportunity in Ferragudo featuring a centrally located plot with an approved project for the first hostel in the area. The project includes 20 en-suite rooms, each equipped with private terraces, making it ideal for buyers seeking to maximise their investment potential in the Algarve. With a mere 400 meters to the nearest beach and close proximity to local amenities, this location offers enviable access to delightful cafes, restaurants, and watersport activities. This approved project also includes an underground garage with 11 parking spaces and additional storage rooms, adding to its commercial appeal. Ferragudo maintains its traditional charm, a contrast to the rapid development often seen in the Algarve, making this property a unique investment opportunity. The hostel's design allows for communal areas, enhancing the guest experience while providing a fantastic ROI potential. Enjoy the vibrant community surrounding this picturesque fishing town, as it is home to both locals and expatriates. Take advantage of the stunning views from terraces and the surrounding heritage sites, such as the 16th-century castle. The property is situated just a short drive from renowned golf courses and leisure facilities, ideal for attracting visitors year-round. With its charming cobbled streets and hospitable locals, investing here means becoming part of a welcoming community. Don't miss your chance to own this exceptional investment—contact us today to explore this remarkable 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
