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Plot with approved project to build large commercial tourism property

In Ferragudo, Lagoa

algarve property for sale,portugal property,commercial property algarve

  • 20
  • 720 m2
1.100.000 €

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Plot with approved project to build large commercial tourism property

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Plot with approved project to build large commercial tourism property

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Plot with approved project to build large commercial tourism property

Description

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Commercial property for sale in Ferragudo

5 minutes from the centre of Ferragudo is this plot with an approved project to construct a single property with up to 20 bedrooms, as well as living areas, basement parking and maintenance/service areas to create a luxury and fully functional hostel or B&B. 


Ferragudo is one of the most beautiful silhouettes of village by the sea that can be found in all the Algarve.


Leaning under the waters of the Arade in a curious attitude, the quiet village of Ferragudo preserves the happy geological conjecture that the men knew how to take advantage of in steep and cut streets.


Embraced by the waters of the sea and the river, the village of Ferragudo was born around the 18th century. XIV. Fishermen who sought the sustenance of their families in the sea, settled in these places, erecting coarse and humble huts. However, there are vestiges that attest us human presence in Ferragudo in the period of Prehistory.


The mouth of the Arade was also a target of greed for the Phoenicians and Carthaginians. The Romans settled camp, dedicating themselves to the fishing and the salting industry of the fish. To prove this stay are the archaeological finds next to the Fort of S. João do Arade.


According to historical sources, the toponym Ferragudo comes from the existence of an iron engenho, implanted in the Beach of the Angrinha, whose purpose was to raise the fish and the goods of the boats that lay there.


The growth of the town and its consequent development led Ferragudo, to the condition of Parish in century XVIII.


With the increase of the canning industry, at the beginning of the last century, Ferragudo became a prosperous village, disputing the first positions in the national fishing market. Golden times that ended with the decline of industry, late, unable to keep up with new technologies, making it unprofitable.


Fishing continued to be the main source of income and livelihood for the population.Today, Ferragudo continues to live from the sea but in a different perspective, tourism set in, bringing with it progress and wealth.


To the wonderful beaches and exceptional natural conditions that can be found, the villas, the villages and other accommodation units are allied, making Ferragudo a region of recognized beauty, in a pleasant place and ideal for a quiet holiday.

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Advantages of Buying & Living in Portugal

Buying 

Ideal Homes Mortgage Department provides free brokerage consulting and can help you arrange up to 80% financing for your property purchase, at competitive rates. Depending on your circumstances you may also qualify for new residency and tax incentives, learn more here

 

Living 

 1. Over 300 days of sunshine per year
 2. International airport with cheap & easy flights to the UK & Ireland - Over 90 a day in high season
 3. High quality construction and best rising property values in Europe  
 4. Option to enjoy a holiday home and have rental returns as high as 14%
 5. Great residency programs and tax advantages
 6. Beautiful beaches and islands 
 7. Fabulous cuisine, with one of the world's largest selections of wine and seafood  
 8. Award winning golf courses, watersports and a never ending list of activities 
 9. Low cost of living with fantastic quality of life and rich culture 
10. One of the world's safest places to live

 

More Info... 

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Property Details

  • Reference IDH30776
  • Type Commercial property
  • Certification In process
  • Bedroom(s) 20
  • Bathroom(s) -
  • House area 720 m2
  • Land area 720 m2
  • Zone Ferragudo
  • Region Faro
  • Features:
  • Central location
  • Popular Resort
  • Walk to Amenities
  • Near Markets
  • Near Medical Facilities
  • Near Golf Course
  • Near Beach
  • Near Shopping
  • Near Schools
  • Terrace