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Ferragudo
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Why is Ferragudo a great choice for hostel investments in the Algarve?

Plot in Ferragudo

ref. LE1279
1.005.929CHF 868.757CHF
  • NA
  • 20
  • 20
  • 720m2

Ferragudo stands out as an exceptional choice for hostel investments in the Algarve due to its unique combination of traditional charm and growing tourist appeal. This fishing town offers an approved project for a hostel with 20 en-suite rooms, strategically located within walking distance to the beach and local amenities. The potential for capturing the growing market of holidaymakers looking for authentic stays makes this a lucrative investment. Visitors are drawn to Ferragudo for its picturesque streets, rich cultural heritage, and a tight-knit community feel that larger resorts often lack. With various activities available, including water sports and nearby golf courses, guests will have plenty to explore. This region's capacity for rental returns is boosted by the significant demand for accommodation in scenic locations like Ferragudo, known for its tranquillity and beauty. The robustness of Ferragudo's local community, combined with its position just across the bay from Portimão, enhances its viability as a destination for both short and long-term stays. Investing here places you at the heart of a thriving travel hub. Don't miss out on this opportunity for a promising return on investment! Get in touch to explore this unique property today!

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
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