Investing in a plot with pending tourism license approval in Ferragudo is a strategic move for any investor. This property offers an expansive plot of 4,690 m² designed for a rural tourism project that will feature 14 rental units catering to various guest needs. With the project in final approval stages, you can seize the chance to capitalise on this profitable venture. The building plans include two structures, offering a mix of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, ensuring a diverse offering for tourists. As an investor, you will also appreciate the strategic location; just a short drive to the beach and a moment away from Ferragudo's local charm. Additionally, the amenities planned, such as a swimming pool, restaurant, and parking area, strengthen the appeal of this investment. Thanks to pre-guidance from the authorities, your approval process is expected to align with the property's sale. This is your opportunity to become part of the vibrant tourism industry in the Algarve. Contact us today to learn more about this fantastic 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
