Your Property Specialists
Ferragudo
Full Screen

What are the benefits of investing in a hostel project in central Ferragudo?

Plot in Ferragudo

ref. LE1279
1.215.207$ 966.642$
  • NA
  • 20
  • 20
  • 720m2

Investing in a hostel project in central Ferragudo offers numerous benefits that make it an attractive option for discerning buyers. This property, available for €875,000, features an approved project for the first hostel in the area, comprising 20 en-suite rooms with private terraces. Positioned just 400 metres from the beach, your guests will appreciate the proximity to sun and sand, which bolsters rental opportunities, especially during the busy tourist season.

Ferragudo is a picturesque fishing town that retains its traditional charm while offering modern amenities and attractions, making it appealing to a diverse range of visitors. The warm local community, alongside a unique blend of culture and history, enhances the experience for guests, creating a positive reputation and encouraging repeat stays in the hostel. The area is well-supported by essential facilities, including restaurants, shops, and recreational activities, ensuring guests have all they need.

Furthermore, this investment opportunity is enhanced by the growing demand for accommodation in tourism-driven regions like Ferragudo. With the incorporation of well-designed communal spaces and private terraces for each room, your hostel will cater to the modern traveller's expectations. Attractive features and thoughtful design contribute to overall guest satisfaction, which can lead to high occupancy rates and solid returns on investment. Don’t miss your chance—contact us today to learn more and secure your future in this thriving location!

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   +