You can build 14 rental units in this prime rural tourism project located on the outskirts of Ferragudo. The architectural plans include two two-storey buildings, comprised of 10 three-bedroom units, 2 two-bedroom units, and 2 one-bedroom units, perfect for attracting tourists. This project is in the final stages of approval, making it a fantastic opportunity for savvy investors looking to enter the lucrative Algarve market.
With a total plot area of 4690 m² and a construction area of 2000 m², there is ample space to create a small resort or urbanisation. The location is just 2.4 km from the nearest beach, offering guests a beautiful coastal experience while being close to essential amenities. Besides the spacious apartments, future owners will benefit from features like an underground garage for 10 vehicles, outdoor parking for 25, and lockable storage.
Backed by pre-guidance approval for a rural tourism license, this property has great potential for high rental returns. Investors will appreciate the approval process is all but complete, ensuring a swift transition into development. Living in Ferragudo means being near charming local restaurants, shops, and two of the region's finest golf courses, just a 5-minute drive away.
This location is particularly appealing for those seeking to capitalise on the growing demand for tourist accommodations in the Algarve. The option to adjust plans before construction also offers flexibility, allowing you to tailor the project to market demand. Don't miss out on this opportunity to invest in a developing area known for its beauty and tourism potential. Contact us today to learn more about this lucrative venture!
• 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
