Yes, a 4,690 m² countryside accommodation investment is for sale near Ferragudo in the Algarve for €1,450,000. The opportunity consists of the plot and a rural tourism project, while construction costs are excluded from the asking price. The site is situated in Estômbar, within the municipality of Lagoa, close to the popular fishing town of Ferragudo. Plans provide approximately 2,000 m² of construction over two floors. The proposed scheme includes two two-storey buildings containing 14 apartments. The accommodation schedule comprises ten three-bedroom, two two-bedroom and two one-bedroom units. The plans also include a swimming pool, front desk, commercial area, bar and recreation room. A laundry and landscaped green areas are proposed to support a complete countryside accommodation concept. Underground parking is planned for 10 vehicles. Outdoor parking for approximately 25 vehicles gives the project useful additional capacity. Lockable storage rooms could support both guest convenience and day-to-day management. The plot benefits from partial Gramacho golf views and a countryside outlook. Ferragudo town centre is around 1.4 km away, making local restaurants and shops readily accessible. The nearest beach is approximately 2.4 km from the site. The coastline is around 1.5 km away, while the nearest golf course is approximately 2.5 km distant. Two of the Algarve’s best golf courses are reportedly about five minutes away by car. The rural tourism licence is awaiting final approval, although the project has pre-guidance and is described as being at an advanced approval stage. There may be an opportunity to change the plans before construction, subject to the authorities and final permissions. Holiday rental demand, golf tourism and the range of apartment sizes could support a diversified business model, but buyers must complete their own ROI assessment. Contact us today to obtain further information and arrange a viewing of this development land.
• 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
