20 Bed Commercial property in Vilamoura, Central Algarve

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. - REF: IDH30776