Investing in a residential project with excellent rental potential is made easy with this opportunity in Ferragudo, featuring 14 apartments in a planned tourism development. Comprising 10 three-bedroom units, 2 two-bedroom apartments, and 2 one-bedroom apartments, this property is designed for successful rental income generation. Located only 1.5 km from the sea and in proximity to significant amenities, it represents a smart investment for those looking to tap into the flourishing rental market of the Algarve. The site benefits from an underground garage and convenient outdoor parking for guests. The local area's beauty, combined with the proposed on-site facilities such as a commercial area, bar, and green spaces, will undoubtedly attract discerning travellers seeking comfort and leisure. With the tourism license nearing approval, you have a clear path to start making a return on your investment. Ferragudo is becoming increasingly popular among tourists, which makes this an opportune time to invest in the area. Schedule a viewing today to secure this promising investment!
• 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
