Plot with approved project to build large commercial tourism property

For Sale

€1,100,000 $1,232,714 | £969,536 | ¥8,506,101 *

Type Commercial
Status For Sale
Bedrooms 20
Area Size 7,750 ft2  (720m2)
City Vilamoura
Region Faro

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 conjuncture 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. Joao 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.
Central location
Energy Certificate: in course

Print Date 25-May-2019
Updated 30-Mar-2019
Property Ref. WWPC-54697
Department Sales :: Residential

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