For buyers seeking Algarve investment properties with planned rental accommodation, this Estômbar project offers a scheme for 14 apartments near beaches and golf courses. The asking price is €1,450,000 for the 4,690 m² plot, with construction costs excluded from the sale price. Its location near Ferragudo places the proposed resort within easy reach of the Algarve coast and established leisure amenities. The apartment schedule includes ten three-bedroom units, two two-bedroom units and two one-bedroom units. This varied layout could support different holiday rental markets and occupancy profiles. A total planned construction area of approximately 2,000 m² gives the project substantial development scale. Two buildings, each arranged over two floors, are included in the proposal. The concept is intended for rural tourism and the associated licence is awaiting final approval. Pre-guidance is in place, and documentation is still being finalised. Investors may have the opportunity to adapt the plans before construction, subject to planning and licensing requirements. Proposed guest facilities include a reception area, commercial space and a bar. The development is also planned to include a swimming pool, laundry and recreation room. Green areas could create an attractive setting for guests and improve the overall holiday experience. Underground parking for ten vehicles is planned, supplemented by 25 outdoor parking spaces. Lockable storage areas could assist with maintenance, housekeeping and owner operations. The site has a partial outlook towards Gramacho golf course and the surrounding countryside. The nearest beach is approximately 2.4 km away, and two golf courses can be reached in around five minutes by car. Ferragudo’s restaurants, shops and fishing-town atmosphere add to the rental appeal of the location. Buyers should obtain professional advice on projected occupancy, operating costs, finance and potential ROI before committing to the development. Contact us to examine the plans and assess whether this Algarve rental project matches your investment strategy.
• 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
