Purchasing this developing rural tourism project in Ferragudo is straightforward and offers an exciting opportunity for investors. With a price tag of €1,450,000, this project is well positioned for buyers looking to enter the Algarve's thriving tourism market. The property consists of 14 units—10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments—perfectly designed for rental purposes. Situated close to beautiful beaches and local amenities, the appeal to potential guests is significant. The project is currently awaiting final approval for its rural tourism license, which further enhances its attractiveness for developers. Interested parties can alter designs and plans before construction, providing room for personal vision and strategy. Nearby attractions and recreational options make it a prime location for holiday stays, ensuring high occupancy rates. This promising venture is just a short drive from Ferragudo town centre, while being connected to two renowned golf courses and various dining options. Don’t miss out on the chance to capitalise on this investment. Contact us now to guide you through the buying process and start your journey in the Algarve!
• 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
