In Ferragudo, you can build a total of 14 rental apartments through an approved tourism development project that awaits finalisation. The current plan includes two buildings designed for holiday accommodation, featuring a mix of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments. The property is set on a spacious plot of 4,690 m², with a construction area of 2,000 m², offering room for growth and additional urbanisation options. With a rural tourism license pending approval, this property is positioned excellently for generating consistently high rental income from tourists. Located just a short 5-minute drive from the picturesque town centre and nearby beaches, the appeal of this property extends well beyond the apartments. There’s a planned underground car park with storage, enhancing the functional appeal for both residents and guests. Your investment is not only a real estate purchase but an entry into one of Portugal's most desirable tourist destinations. With local amenities, excellent dining options, and nearby golf courses, this complex would be an attractive stay for visitors. Potential exists to modify plans and add further rental units if desired. Don't miss this opportunity for a prime investment in the Algarve’s thriving rental market. Get in touch today to learn more!
• 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
