Investing in a prime plot in the Algarve with the potential for 14 apartments is a unique opportunity. This project, located on the outskirts of the beautiful fishing town of Ferragudo, features two two-story buildings with a total of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units. Covering a plot area of 4690 m² and a construction area of 2000 m², the current plan allows for the development of rental units perfectly suited for the rural tourism market. The property comes with a licence awaiting approval for rural tourism, ensuring compliance with local regulations. Ideal for investors looking to create a small resort, it offers excellent proximity to stunning beaches and top-tier golf courses, just 2.4km away. With ample underground parking and storage areas, potential buyers can anticipate strong rental returns in a location that attracts tourists year-round. Consider the flexibility provided, as plans can be modified before construction. At a competitive price of €1,450,000, this investment is truly a gem in the Algarve. Contact us now to explore this exciting opportunity!
• 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
