The 4,690 m² tourism development plot near Ferragudo is offered for €1,450,000. This price covers the plot only and does not include construction costs for the planned rural tourism scheme. The project has pre-guidance and is in the final stages of approval, with the rural tourism licence awaiting final confirmation. The proposed development comprises two buildings, each with two floors. Together, they are planned to provide 14 rental apartments. The accommodation mix consists of ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. Approximately 2,000 m² of construction area is envisaged. Plans also include a swimming pool, bar, front desk, commercial space and recreation room. A laundry facility and green communal areas would support the operation of the resort. Underground parking with lockable storage areas adds practical value for guests and management. The planned underground garage accommodates ten vehicles. There is also provision for 25 outdoor parking spaces. The site enjoys partial views of Gramacho golf course and the surrounding countryside. Its position on the outskirts of Ferragudo combines a quieter setting with easy access to local amenities. The popular fishing town is approximately five minutes away by car. The nearest golf course is around 2.5 kilometres away, and two quality courses are accessible within roughly five minutes’ drive. The nearest beach is approximately 2.4 kilometres from the plot. The coast is about 1.5 kilometres away, and Faro Airport is approximately 66 kilometres distant. The development could appeal to buyers seeking rental income from a multi-unit Algarve tourism project, although returns will depend on construction costs, occupancy, operating expenses and final licensing. Contact us to request the project information and arrange a site visit.
• 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
