The asking price is €1,450,000 for a 4,690 m² rural tourism development plot near Ferragudo in the Algarve. The price includes the land only, while construction costs are not included. The project is in the final stages of approval and has pre-guidance for a rural tourism scheme. Planned development comprises approximately 2,000 m² of construction across two two-storey buildings. The current design provides 14 rental apartments, including ten three-bedroom, two two-bedroom and two one-bedroom units. The wider property information also refers to 15 houses, so buyers should confirm the final approved configuration and documentation. Plans include a reception desk, commercial area, swimming pool, bar, laundry and recreation room. Green areas are intended to create an attractive setting for guests and residents. An underground car park provides spaces for 10 vehicles. There is also outdoor parking for approximately 25 vehicles. Lockable storage areas add practical value for both operators and visitors. The plot enjoys partial views towards Gramacho golf course and surrounding countryside. Ferragudo town centre is approximately 1.4 km away. The nearest beach is around 2.4 km from the site, while the sea is approximately 1.5 km away. Two of the Algarve’s leading golf courses can be reached in about five minutes by car. Restaurants, shops and local services are also conveniently close. The layout can potentially be amended before construction, subject to planning and regulatory requirements. A completed scheme could create diversified rental income through apartments of different sizes and shared resort facilities. Buyers should assess projected occupancy, operating costs, construction budgets and achievable ROI before committing. Contact us now for the plans, approval information and a viewing of this Algarve investment opportunity.
• 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
