Urban Land with Approved Project for Hostel

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Urban Land with Approved Project for Hostel - Ferragudo 950.000 € Ref: T331

720 m²

Excellent investment opportunity in the center of the village of Ferragudo, with an approved project and issued building permit for the development of a modern hostel with 20 suites.
The project is fully licensed, with all municipal fees settled, allowing construction to begin immediately. The architectural proposal features a functional and contemporary building designed to meet the growing demand for quality tourist accommodation in the Algarve.
Features

Urban land of 720 m²
Approved project for Tourist Accommodation / Hostel
Building with basement, ground floor, 1st and 2nd floors
20 en‑suite rooms
Reception and common guest areas
Lounge area
Laundry and service spaces
Technical areas and storage
Basement parking
Large rooftop terrace with 360º panoramic views

Surroundings

Less than 500 meters from the beaches (Praia da Angrinha and Praia Grande)
Close to the riverside area, historic center, restaurants and shops
Easy access to Portimão, Carvoeiro, marinas and golf courses
Area with strong national and international tourist demand year‑round

Key Strengths

Approved project ready to build
Premium location in one of the most sought‑after villages in the Algarve
Ideal for boutique hostel or modern tourist unit
Excellent opportunity for tourism sector investors

A rare opportunity to develop a tourist project in a privileged location, combining centrality, proximity to the sea and high value‑creation potential.

Property type N/A

Typology 0 Bedrooms

Objective Sale

Condition On Project

Price 950.000 €

Year of Construction N/A

Country Portugal

District Faro

Town Lagoa (Algarve)

Parish Lagoa e Carvoeiro

Zone Ferragudo