Investing in a hostel with private terraces near the beach in Ferragudo is a golden opportunity for buyers looking to capture the essence of coastal living. This approved development project features 20 en-suite rooms, each designed with private terraces to offer guests ideal relaxation spots while enjoying the stunning surroundings. With the nearest beach just 400m away, this property is perfectly tailored for the booming tourist market in the Algarve.
Ferragudo's charm lies in its traditional architecture and vibrant community spirit, making it highly appealing for holidaymakers. The town's picturesque streets and popular dining spots create a thriving atmosphere that guests will love. Moreover, with various water sports and activities available nearby, your hostel is set to become a popular choice for both domestic and international travelers.
The investment potential is remarkable, especially in a market that continues to grow in demand for quality guest accommodations. This hostel's location, coupled with its unique features such as communal areas and underground parking, positions it as an attractive choice for investors. In addition, the charming aesthetics of Ferragudo will keep the guests coming back, creating a loyal customer base.
Those who wish to make the most of Portugal’s thriving tourist industry should consider this investment opportunity seriously. Owning a hostel in such a scenic and culturally rich location requires attention now before it’s snapped up. Don’t hesitate, contact us today to find out more about this unique opportunity and to schedule 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
