A 4690 m² plot in Algarve has the capacity to accommodate a beautifully structured development of 14 apartments, as per the current planning proposal. The project includes two two-storey buildings featuring a mix of residential units: 10 three-bedroom apartments, 2 two-bedroom apartments, and 2 one-bedroom apartments. This well-thought-out design caters to the increasing demand for rental properties in the area, making it an attractive opportunity for both investors and future guests. With a construction area of 2000 m² allocated for the developments, there is ample scope for creating high-quality living spaces within a serene, rural setting. The planned apartments are designed to offer both comfort and convenience, ideally located just 1.5km from the pristine coastline of Ferragudo. The inclusion of amenities like a swimming pool, communal areas, and parking already suggests that buyers will have everything they need to make this project a success. By attracting tourists year-round, this venture also presents significant ROI potential for savvy investors. The project’s favorable location promises easy access to the stunning scenery of the Algarve, as well as local amenities and attractions. Don’t hesitate to seize this exceptional opportunity to develop a lucrative property in one of Portugal's prime tourist destinations. Reach out for more information and start planning your investment today!
• 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
