Investing in a small resort in the Algarve region is a fantastic opportunity awaiting you. This specific rural tourism project in Ferragudo is currently available for purchase and features two two-story buildings with a total of 14 apartments: 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units. The site includes amenities such as underground parking, a swimming pool, a bar, and green areas, making it ideal for potential developers looking for a lucrative investment in a sought-after area. Located just a short drive from pristine beaches and local amenities, this property promises not only a lovely retreat but also excellent returns on investment due to its tourism license awaiting approval. With a plot area of 4,690 m² and a construction area of 2,000 m², there's significant potential for scaling up or adding extra rooms. If you're looking for a rewarding investment in the Algarve, this project is a prime candidate. Explore this unique opportunity and start planning for your successful resort venture today. Contact us to discuss this property further!
• 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
