On a 4,690 m² plot in Ferragudo, a total of 14 apartments can be constructed, ensuring a lucrative investment opportunity. The planned development consists of two two-story buildings featuring 10 three-bedroom apartments, 2 two-bedroom apartments, and 2 one-bedroom apartments. This variation allows for a diverse rental market attracting both families and couples seeking a holiday getaway in the Algarve. Located just 1.5 km from the sea, the project is ideally situated to engage an influx of tourists throughout the year. The property's layout includes ample communal facilities, such as a swimming pool, recreational areas, and a commercial space, making it very appealing to potential renters. This project awaits final approval but comes with pre-guidance, putting you one step closer to realising your investment dreams. With a construction area of 2,000 m², this development will offer extensive amenities for guests, enhancing your rental appeal. The price for this prime plot is €1,450,000, representing great potential for profitability in the growing rural tourism sector. Take the first step to investing in your future today! Contact us for more details.
• 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
