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Plot with approved project to construct a block of 8 apartments in Ferragudo

Plot in Ferragudo

ref. VM1287
480.000€ 450.000€
  • NA
  • 665m2

Investment opportunity to purchase a centrally located plot with an approved project to construct 8 apartments consisting of underground parking with individual lockable storage rooms and a selection of studio, one bedroom and two bedroom apartments with large roof terrace, in Ferragudo.

Usage
Residential
Type
Plot
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (Central)
Floors
3
Plot Area
665 m²
Tarmac
Underground Garage
Lounge/Dining, Lounge
Balcony/Terrace
Storage, Pantry
Fitted Wardrobe, Terrace
Guest Toilet
Double glazing, PVC
Town View
• Plot size 665m²
• Construction area 250m²
• Two studio apartments
• Five 1 bedroom apartments
• One 2 bedroom apartment

Superbly located plot in the heart of Ferragudo with an approved project to construct a 3 story block of apartments.

Ferragudo is a small attractive fishing town located on the mouth of the river Arade and has a close nit community of Portuguese and ex pats alike. Impressively, Ferragudo has managed to maintain much of its traditional charm, escaping the typical wholesale development that has invaded the Algarve coast line and surrounding towns. Consisting of typical whitewashed cottages, low rise buildings and a warren of cobbled streets. Located directly on the river front with many cafes, bars and restaurants where you can not only eat the catch of the day but watch it being unloaded. For such a small town there are many focal points including the church which sits prominently on the top of the hill in the center of the town. The 16th century medieval castle, Castelo de Sao Joao located on Angrinha beach. and a cute little lighthouse also set the scene for this quaint, relaxed little town. Ferragudo also boasts an array of fine beaches ranging from small and sleepy to the aptly named, Praia Grande where you can partake in a number of water sports and activities.

The project consists of 8 apartments over 3 floors, all with multiple terraces. The underground parking is located at the side of the building and there is also parking on the street. Each apartment has a single parking space and also located in the garage, individual lockable storage rooms. An elevator allows accessing the floors and roof.

The ground floor consists of a studio apartment and two 1 bedroom apartments. One has a large terrace garden and is also en-suite. The first floor consists of 2 one bedroom apartments, one of which is en-suite and a single studio. The third floor consists of a large one bedroom apartment with en-suite and a large two bedroom with one en-suite. All apartments have access to the large roof terrace.

Amenities

• Underground parking
• Lockable storage rooms
• Large roof terrace 230m²

Location

• Distance to sea 350m
• Nearest beach 400m
• Nearest golf 4km
• Distance from airport 66km
• Nearest school 1km