The asking price is €1,450,000 for the 4,690 m² plot in the Ferragudo area, with the planned rural tourism project included. The price covers the land and project opportunity only, not construction costs. Buyers would acquire a development site with plans for 14 rental apartments and supporting resort facilities, subject to final approval. The proposed accommodation comprises ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. Two planned two-storey buildings would provide approximately 2,000 m² of construction area. The concept includes a reception desk, commercial space, swimming pool, bar, laundry and recreation room. Landscaped green areas are also included in the proposed layout. Underground parking is planned with lockable storage areas for guests or owners. The site also offers an underground garage for ten vehicles and outdoor parking for approximately 25 vehicles. A rural tourism licence is awaiting approval and the project has pre-guidance in place. This gives an experienced developer a defined starting point rather than an entirely undeveloped concept. The plans may be changed before construction, creating scope to adapt the accommodation mix or add rooms. A partial view towards Gramacho golf course adds appeal for future holiday guests. Two of the Algarve’s leading golf courses are around a five-minute drive away. Ferragudo’s centre, restaurants and shops are also approximately five minutes by car. The nearest beach is about 2.4 km away, while the sea is approximately 1.5 km from the plot. The nearest town is around 1.4 km away and a school is approximately 1 km distant. Its position near beaches, golf and the fishing-town lifestyle could support seasonal holiday letting demand, subject to licensing and market conditions. Contact us now to discuss the purchase, approval position and development potential.
• 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
