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How to purchase a plot for a resort with 14 apartments in Algarve?

Plot in Estômbar

ref. LE1315
1.450.000€
  • NA
  • 36
  • 41
  • 4.690m2
  • Building Plot

If you're looking to purchase a prime plot for a resort in the Algarve, this is an exciting opportunity not to be missed. This project, located in Ferragudo, features plans for two buildings with 14 apartments, comprising 10 three-bedroom units, two two-bedroom units, and two one-bedroom units. The total plot area is 4,690 m² with a construction area of 2,000 m², allowing room for underground parking and additional amenities. Just 2.4 km from the nearest beach and close to the vibrant town centre, this site is perfect for someone looking to develop a resort. The project awaits final approval, making this a fantastic investment opportunity for those interested in rural tourism. Moreover, you can explore the option to adjust the plans and add extra rooms if desired. Located only 5 minutes from top-quality restaurants and golf courses, this plot offers both convenience and the appeal of the picturesque Algarve landscape. Don't let this chance slip away to invest in prime Algarve real estate; contact us today to learn more about how to make this project your own!

Usage
Residential
Type
Plot
Town
Estômbar
Parish
Estômbar e Parchal
Municipality
Lagoa, Faro
Region
Algarve (Central)
Bedrooms
36
Bathrooms
41
Floors
2
Usable area
2.000 m²
Plot Area
4.690 m²
Tarmac
Storage, Laundry, Pantry, Office/Study
Sound System
Golf View, Countryside View
Building Plots
• 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
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