Land in Ferragudo

Hostel with Approved Project / Ferragudo, Lagoa Excellent investment opportunity in the center of Ferragudo, in a prime location in the Algarve, close to beaches, shops, restaurants, services, transport, the historic center, and the riverside area. The property corresponds to an urban plot of 720sqm, located on Rua da Hortinha, with an approved project for the construction of a hostel with 20 rooms, constituting an excellent opportunity to develop a tourism project in one of the most sought-after areas of the Algarve. The project includes a construction area distributed over the basement, ground floor, 1st, and 2nd floors, with a basement of approximately 660sqm intended for parking and support areas. Project characteristics: Urban land with 720sqm; Approved project for a hostel with 20 rooms; Reception; Lounge; Laundry; Service and support areas; Technical and storage areas; Basement parking; Basement with approximately 660sqm; Building license included; Compensation due to the Lagoa Municipal Council already settled. The central location allows for enjoyment of a wide range of shops, restaurants, and services, and is also a short distance from the beaches and the main points of interest in Ferragudo. An asset especially aimed at investors seeking an opportunity in the tourism sector, with an approved project ready to move to the construction phase. Ferragudo, Lagoa - Algarve Land area: 720sqm Project: Hostel with 20 rooms Basement: approximately 660sqm Building license included Interested in this project? Contact our agency for more information.