Investing in a residential plot in Algarve has never been easier with this exciting opportunity featuring 14 planned apartments. This development, located in Ferragudo, is currently in the final stages of approval and is positioned perfectly to attract both tourists and residents alike. The plot spans 4690 m², accommodating a construction area of 2000 m², allowing for the creation of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments. Situated close to essential amenities, including shops and restaurants, this location provides a fantastic quality of life while being a mere 1.5km from the beautiful beach. Potential investors will appreciate the option to personalise the development plans before construction, maximising their investment’s appeal. With features such as underground parking and green communal areas, this project is designed to enhance the living experience. Being just minutes from some of the best golf courses in the Algarve means that this investment opportunity is not only lucrative but also embodies the charm and beauty of the region. This property is suitable for buyers looking to enter the lucrative real estate market in Portugal, tapping into the growing demand for quality residences in tourist-friendly areas. Take the first step towards securing your investment by contacting us for more information today!
• 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
