Imagine owning a plot in the Algarve with planning for 14 rental apartments – now is your chance! This exciting opportunity involves purchasing a plot in Ferragudo, which is currently in the final stages of approval for a rural tourism project. The planned development includes two buildings featuring 14 distinct units; 10 x three-bedroom and 4 other units comprising two and one bedrooms. The convenience of being just 5 minutes away from the beautiful beaches and charming restaurants of Ferragudo enhances the investment's potential. You’ll find that this property provides versatile living spaces ideal for both short-term rentals and long-term stays. With the possibility of modifying plans before construction, you have the creative freedom to tailor the project to your vision. Additionally, features such as underground parking and a communal pool will surely attract renters. This location near various amenities will guarantee a steady flow of tourists year-round. If you want to buy this plot and develop an attractive rental business, reach out today for more information and get started on your dream project!.
• Plot area 4690 m²
• Construction area 2000 m²
• Two floors
• 15 houses
• Rural tourism license awaiting approval
• The price includes the plot only, not the construction costs
• Nearest beach 2.4km
With a partial view of Gramacho golf, this plot of land with 4. 690 m² has a construction project in the context of "Tourism in Rural Areas". The plan is to construct 2 two story buildings comprising of 14 rental units. 10 x 3 bedroom, 2 x 2 bedroom and 2 x 1 bedroom. Front desk, commercial area, swimming pool, bar, laundry, recreation room, green areas and an underground car park with lockable storage areas.
Subject to final approval but has pre-guidance, this will be approved and will be at the time of sale or before. Awaiting documentation.
Ideally located only 5 minutes’ drive from two of the Algarve's best golf courses, good quality restaurants and shops, 5 minutes from the center of the popular fishing town of Ferragudo. Opportunity to change plans before construction.
Amenities
• Underground garage for 10 vehicles
• Outdoor parking for 25 vehicles
• Lockable storage areas
• Option to change plans and add extra rooms
Location
• Distance to the sea – 1.5km
• Nearest town 1.4km
• Nearest beach 2.4km
• Nearest school 1km
• Nearest golf 2.5km
• Distance to airport 66km
