Your Property Specialists
Ferragudo
Full Screen

How much does a plot with hostel plans near beaches in Ferragudo cost?

Plot in Ferragudo

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

The asking price for this exceptional plot with approved plans for a hostel in Ferragudo is €875,000. This investment includes an impressive project geared towards establishing a 20-room hostel with en-suite bathrooms, ideal for capturing the tourist market in this beautiful coastal town. Given the property's strategic location just 400m from pristine beaches and 350m from the vibrant town centre, it offers an attractive price point for potential buyers.

Ferragudo combines its stunning beach access with unique local culture, providing a perfect backdrop for a new hostel. The area appeals to tourists seeking quaint experiences away from the mainstream, enhancing the rental potential of your investment. The approved project covers everything needed to start construction, with the only exclusion being the physical building works themselves.

Imagine offering visitors comfortable accommodation complemented by private terraces for each room, situated in the heart of a charming community. This investment not only offers a clear entry point into the hospitality sector but also ensures a professional design ready for implementation. Catch the growing wave of interest in Ferragudo, where tourism is becoming increasingly lucrative.

With underground parking available and proximity to a variety of dining and leisure options, this property is an excellent opportunity for both investors and developers. Take the leap into a vibrant market, and don't hesitate to reach out for further details or to arrange a viewing to make this property yours!

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   +