Investment Opportunity In Ferragudo

In the heart of Ferragudo, one of the Algarve’s most sought-after locations, lies an investment opportunity with outstanding potential in the tourism sector. This plot benefits from a project approved by Lagoa Town Council for the development of a high-quality local accommodation establishment or hostel, with a construction area of 720 m². The project has been designed to offer future guests comfort, privacy and a distinctive accommodation experience. The development comprises 20 en-suite bedrooms, each with access to a private balcony, creating a welcoming and functional environment. The outdoor area includes a communal swimming pool, ideal for leisure and relaxation, while the building is arranged over three floors: ground floor, first floor and second floor. The basement, with a construction area of 660 m², is designated for parking and service areas, ensuring the practical and efficient operation of the development. One of the property’s standout features is the spacious rooftop terrace offering 360-degree panoramic views over Ferragudo. This privileged space adds an exclusive touch to the project and enhances the overall guest experience. The central location, combined with the scale and features of the approved project, makes this property particularly attractive to investors looking to establish a tourism business in an area with strong demand. With the project already approved, the building permit included and all fees payable to Lagoa Town Council already settled, this opportunity provides a well-defined starting point, helping to streamline the process of bringing the development to fruition. A distinctive investment opportunity for those looking to invest in Ferragudo and create a unique accommodation concept in a prime location in the Algarve. Additional InformationKW Flash has an authorised Credit Intermediary registered with the Bank of Portugal at your disposal. Should you require financing, we can assist you! At KW Flash, we collaborate with all real estate consultants and agencies holding a valid AMI licence. We believe that working together allows us to achieve better results for our clients. If you are a real estate professional with a qualified client, please contact me to arrange a viewing. This property is marketed on an exclusive basis, and I would be delighted to work with you to provide an excellent service to your client.
Energy Rating: Exempt
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