To purchase this 14-unit countryside hospitality scheme, buyers can enquire about the Ferragudo-area development plot priced at €1,450,000. The opportunity includes a 4,690 m² plot and a proposed rural tourism project, while the cost of constructing the buildings is additional. The project is in the final stages of approval, and the rural tourism licence is awaiting final confirmation. The planned development consists of two buildings, each arranged over two storeys. The accommodation schedule comprises ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. This provides a varied unit mix for families, couples and larger holiday groups. The concept includes a reception, commercial area, swimming pool and bar. A laundry, recreation room and green spaces are also planned for the resort. Parking provision includes an underground garage for ten vehicles and 25 outdoor spaces. Lockable storage areas are included in the proposed design. The project currently indicates approximately 2,000 m² of construction area. Buyers may have the option to modify the plans before construction, subject to the necessary permissions. The land benefits from a partial view towards Gramacho Golf. Two leading golf courses are approximately five minutes away by car. Ferragudo is also around five minutes' drive, offering restaurants, shops and a well-known fishing-town atmosphere. The nearest beach is about 2.4 km from the site. The coastline is approximately 1.5 km away, supporting a mixed golf, beach and countryside holiday proposition. The nearest school is around 1 km away, and Faro Airport is approximately 66 km distant. A completed scheme could generate income through apartment rentals and associated hospitality services, although projected returns require professional feasibility analysis. Interested purchasers should review the planning documents, licensing position, construction budget and proposed operating strategy. Contact us now to begin the buying process and arrange a viewing in the Algarve.
• 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
