Land in Lagoa (Algarve) with 720 m²

An exclusive opportunity to acquire a construction plot in the centre of Ferragudo, located on Rua da Hortinha, with an approved architectural project for a hostel and construction licence included.

The project foresees a modern and functional hostel with:

• 20 guest rooms
• Communal living room
• Laundry facilities
• Underground parking
  
  All designed to maximise comfort, capacity and profitability in one of the Algarve’s most charming and fast-growing coastal villages.

• Total plot area: 720 m² 
• Construction footprint: 65 m² 
• Gross construction area: 91 m² (expandable according to the approved project) 
• Location: Ferragudo, Lagoa – walking distance to the centre, services, restaurants and beaches
• Land classification: Urban construction plot

• Approved project ready to start, reducing time, bureaucracy and investment risk
• Construction licence included
• High demand in the region for boutique accommodation, guesthouses and hostels
• Excellent opportunity for investors, developers, or operators in hospitality
• Located in one of the Algarve’s most sought-after coastal villages

Ferragudo is one of the Algarve’s most picturesque and authentic destinations, attracting year-round tourism. Its strategic location near Portimão, the riverfront and the beaches enhances the investment potential of this hospitality project.