Your Property Specialists
Ferragudo
Full Screen

Why consider building a hostel in Ferragudo with 20 en-suite rooms?

Plot in Ferragudo

ref. LE1279
12.311.310SEK 10.632.495SEK
  • NA
  • 20
  • 20
  • 720m2

Building a hostel in Ferragudo with 20 en-suite rooms is a brilliant investment opportunity that caters to the growing demand for tourist accommodation in the Algarve. This plot not only comes with an approved project, but features a functional design that includes private terraces for each room, enhancing guest experience and satisfaction. Being centrally located just 400m from the beach, it promises high foot traffic and rental demand, crucial for profitability.
The hostel's design encapsulates amenities that appeal to modern travellers, including communal living spaces and underground parking. The three-story layout is optimised for guest comfort, accommodating up to 60 guests comfortably. This presents a unique chance to create a vibrant community hub, perfect for holidaymakers seeking the local flavour of Ferragudo.
Further enhancing its appeal, the location is a stone's throw from some of the Algarve's finest attractions, including renowned golf courses and delightful restaurants. As a strategic investment, the hostel stands to benefit from the influx of tourism, especially during peak seasons.
This remarkable investment comes at a price of €950,000, which includes the plot and all necessary approvals, allowing you to move forward without delay. For potential investors seeking a lucrative entry into the hospitality market, this project can secure excellent returns over the coming years. Don’t let this opportunity pass! Reach out today to find out more.

Usage
Commercial
Type
Plot
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (Central)
Rooms
21
Bedrooms
20
Bathrooms
20
Floors
3
Plot Area
720 m²
Underground Garage, Autom. Garage Door, Parking outdoors
Lounge
Balcony/Terrace
Storage, Laundry, Pantry
Bedroom 1
Ground Floor, 6, En-Suite, Terrace
Bedroom 2
First Floor, 8, En-Suite, Terrace
Bedroom 3
Second Floor, 6, En-Suite, Terrace
2 Family Bathrooms, Ground Floor
Double glazing, PVC
Town View
• 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
Enquire Now   +