The asking price is €1,450,000 for a 4,690 m² development plot near Ferragudo in the Algarve. The sale includes the land and an existing project for a 14-apartment rural tourism resort, but construction costs are not included. Buyers should also note that the rural tourism licence is awaiting final approval, subject to the relevant documentation. The proposed scheme comprises two two-storey buildings. Plans provide for ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. The project is designed for buyers seeking a small holiday resort or countryside hospitality investment. Planned communal facilities include a reception desk, commercial area, swimming pool, bar and laundry. A recreation room and landscaped green areas are also included in the proposed layout. Underground parking is planned with lockable storage areas for guests or owners. The property also allows the possibility of changing the plans before construction. Approximately 2,000 m² of construction area is indicated in the project details. The plot has a partial view towards Gramacho Golf. Two of the Algarve's leading golf courses are around five minutes away by car. Ferragudo village centre, shops and quality restaurants are also approximately five minutes' drive away. The nearest beach is about 2.4 km from the site. The sea is approximately 1.5 km away, while the nearest town is around 1.4 km distant. Outdoor parking for up to 25 vehicles is listed alongside an underground garage for ten vehicles. Holiday rental demand may offer future income potential, although returns will depend on approvals, construction costs, operation and market performance. Contact us now to discuss the purchase, documentation and development potential of this Algarve resort plot.
• 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
