Developing a tourism resort in Ferragudo offers numerous advantages, primarily due to its picturesque setting in the Algarve. This project benefits from proximity to stunning beaches, quality dining, and beloved local attractions, which are all major draws for holidaymakers. The planned resort features 14 apartments, with configurations that cater to various groups of visitors, enhancing potential occupancy rates. With the growing demand for rural tourism and a licence awaiting final approval, this is an opportune moment to invest. The site spans 4,690 m², allowing for ample community and leisure spaces, perfect for guest enjoyment. Facilities such as a swimming pool, bar, and recreation room will elevate the guest experience. Investors can anticipate strong rental returns driven by Ferragudo’s popularity, as it offers tranquillity while being close to bustling towns. This development not only promises a lucrative venture but also a chance to meaningfully contribute to the local economy. With fantastic opportunities for lifestyle enhancement, this project can become a cherished destination in the Algarve. Act now to discuss development strategies and secure your investment!
• 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
