To purchase this planned 14-apartment holiday complex near Ferragudo, buyers should enquire about the €1,450,000 plot purchase, project documentation and outstanding approvals. The sale concerns the 4,690 m² development plot and rural tourism concept, with construction costs excluded from the price. The proposed complex is designed around two buildings with two floors each. It would contain ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. The plan provides a substantial mix of units for family holidays, couples and group accommodation. Approximately 2,000 m² of construction area is envisaged. Resort facilities are planned to include a front desk, commercial area, swimming pool, bar and recreation room. Guests could also benefit from laundry facilities, green areas and lockable storage. Parking is planned through an underground garage for ten vehicles and outdoor provision for approximately 25 vehicles. The project is in the final stages of approval and the rural tourism licence is awaiting confirmation. Pre-guidance is in place, giving purchasers a basis for progressing the development with the relevant authorities. The plans may be changed before construction, subject to permissions and technical feasibility. A partial Gramacho golf view strengthens the location’s appeal for holiday accommodation. Two leading Algarve golf courses are approximately five minutes away by car. Ferragudo’s centre, restaurants and shops can also be reached in about five minutes. The nearest beach is 2.4 km away and the sea is approximately 1.5 km from the site. The nearest school is around 1 km away, while Faro Airport is approximately 66 km distant. Future rental potential could be supported by the Algarve’s golf, beach and coastal tourism appeal, although returns will depend on the final scheme, operating model and market conditions. Contact us to arrange a detailed discussion about purchasing this Ferragudo rural tourism project.
• 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
