Description
INVESTMENT OPPORTUNITY IN THE ALGARVE - PLOT WITH APPROVED PROJECT FOR A HOSTEL IN FERRAGUDO, LESS THAN 500 METERS FROM THE BEACH An excellent investment opportunity is now available in the heart of the Algarve, in one of the region's most sought-after tourist areas: a 720sqm plot located in Ferragudo, with an approved project for the construction of a modern and functional HOSTEL with 20 rooms. The project includes common areas designed to encourage social interaction among guests, such as a lounge, fully equipped laundry, and underground parking, ensuring comfort, convenience, and a unique experience for young travelers and independent touristsone of the fastest-growing segments in the hospitality industry. With an absolutely privileged location, the plot is less than 500 meters from the beach, making it ideal to attract both national and international tourists looking for sun, sea, and authenticity. Ferragudo is a charming fishing village with a strong local identity, traditional restaurants, and a relaxed atmosphere that perfectly aligns with the HOSTELl concept. This is a high-yield investment with a lodging model that is increasingly in demand, especially in coastal destinations like the Algarve. With the project already approved, construction can begin immediately, allowing a swift entry into a high-potential market with strong year-round occupancy prospects. If you're looking for a ready-to-go project in a high-demand tourist area just steps from the beach, this is the ideal opportunity. For more information or to schedule a visit, feel free to contact us! Don't miss this chance to build a solid and modern business in the Algarve. (BI-AD2907)
