Investing in this plot with plans for a hostel in Ferragudo is an outstanding opportunity for those looking to enter the hospitality market. At a selling price of €950,000, not only does this offer you a centrally located plot of 720m², but it comes with an approved plan for a three-storey hostel with 20 en-suite rooms, each having a private terrace—a feature sure to appeal to tourists. The property's location is particularly advantageous, sitting just 400 meters from the nearest beach amidst the charm of a traditional fishing town.
Ferragudo is known for its beautiful scenery and friendly community, which enhances the guest experience. It's well-positioned near major attractions and activities, including golf courses and vibrant dining options, ensuring you won’t lack for visitors seeking accommodation during the season. By investing now, you benefit from the established tourist flow into the Algarve, taking advantage of the region's rising popularity.
The hostel project not only allows for extensive guest capacity but also offers necessary amenities such as underground parking and communal living spaces, supporting a full-service hospitality experience. Acquiring a property with an approved project not only streamlines the process but also mitigates the usual risks associated with new developments.
Seize this remarkable opportunity to make a profitable investment in Ferragudo—an area that beautifully combines tradition with modern tourism demands. Contact us today to learn more and secure your investment!
• 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
