A 4,690 m² tourism development plot in the Algarve is offered for €1,450,000. The price relates to the land only and does not include construction costs. Located near Ferragudo in the Lagoa area, the site has a proposed rural tourism project in the final stages of approval. Its planned construction area is approximately 2,000 m². The concept includes two buildings, each arranged over two floors. Together, they are intended to provide 14 rental apartments. The proposed mix is ten three-bedroom, two two-bedroom and two one-bedroom units. This range could appeal to holidaymakers, families and smaller groups. Planned resort facilities include a front desk, commercial space, swimming pool and bar. A laundry, recreation room and landscaped green areas are also part of the scheme. Underground parking is proposed for 10 vehicles. Guests and staff would have access to approximately 25 outdoor parking spaces. Lockable storage areas are included in the basement design. The plot benefits from a partial view of Gramacho golf. Its location combines a countryside setting with easy access to the Algarve coast. The nearest beach is 2.4 km away, and the sea is approximately 1.5 km from the property. Ferragudo town centre is about five minutes by car, with restaurants, shops and local amenities nearby. Golf enthusiasts can reach two quality courses in around five minutes by car. Plan amendments may be possible before construction, subject to planning and licensing requirements. The rural tourism licence remains subject to final approval, so buyers should undertake detailed legal and financial due diligence. Contact us for the current planning information and to assess the total development cost.
• 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
