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Where can I find a plot approved for a hostel in Ferragudo?

Plot in Ferragudo

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

You can find an excellent investment opportunity with an approved plot for a hostel in central Ferragudo. This plot comes with a project for the first hostel in the area, consisting of 20 en-suite rooms, each featuring its own private terrace. With a central location just 400 metres from the nearest beach, it's perfect for attracting guests who love the beautiful Algarve coast. Ferragudo itself is a charming fishing town known for its traditional architecture and friendly community, offering a unique atmosphere that sets it apart from the busy tourist hotspots. The property is ideally situated close to various amenities, including restaurants and golf courses, which can enhance the appeal of the hostel. The underground garage can accommodate up to 11 cars, ensuring convenience for both guests and staff. With a total area of 720m², this plot is designed for a three-storey building project, making it an incredible opportunity for savvy investors. The project is particularly attractive due to the strong rental potential given Ferragudo's growing popularity among both local and international visitors. Plus, as part of a quaint town with plenty of scenic views and activities, it has great ROI potential. Don't miss the chance to own a piece of Ferragudo real estate and capitalize on the growing hospitality trends in the Algarve. Contact us now to schedule a viewing and explore this unique opportunity!.

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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