The current asking price for this rural tourism project located in Ferragudo is €1,450,000. This investment includes a plot area of 4,690 m² and a construction area of 2,000 m², providing a significant opportunity for development. The project consists of two buildings with two stories, comprising 14 apartments designed for tourism, with configurations of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units. These buildings are situated just 2.4 km from the nearest beach and are only a 5-minute drive from Ferragudo's charming town centre, making it an attractive location for holidaymakers. Additionally, the project has a rural tourism license awaiting final approval, indicating potential for lucrative short-term rental income. This project is ideally positioned close to top golf courses, fine dining, and other recreational facilities. With a shared amenity space that includes a front desk, commercial area, swimming pool, and underground parking, this development is perfect for those looking to create a small resort. The potential for ROI is substantial, making this an excellent investment opportunity. Explore the possibilities of developing a resort in this stunning region of the Algarve. Contact us to learn more about this unique opportunity today!
• 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
