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How much does a plot with an approved hostel project in Ferragudo cost?

Plot in Ferragudo

ref. LE1279
1.100.000€ 875.000€
  • NA
  • 20
  • 20
  • 720m2

The asking price for the plot with an approved project for a hostel in Ferragudo is €875,000. This investment opportunity includes the land and the approved plans for the first hostel in central Ferragudo, boasting 20 en-suite rooms, each with private terraces. Situated just 400 meters from the beach, this plot covers 720 m² and is designed to cater to the hospitality market, making it a compelling prospect for buyers looking to invest. Ferragudo is renowned for its charming feel and vibrant community, making it an ideal location for a hostel. This area has maintained its traditional aesthetics, attracting numerous tourists drawn to its quaint cobbled streets and local culture. The approved project includes a three-story building with a total of 60 beds and underground parking for convenience. Being within walking distance to amenities such as cafes, bars, and restaurants ensures a steady flow of potential guests. Considering its location and the structure's potential, this project offers a robust return on investment opportunity. Invest in a unique opportunity to bring one of the first hostels to this beautiful fishing town. Don't miss out on a chance to own a piece of Ferragudo's hospitality scene. Contact us today for more details and to schedule a viewing!

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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