Buying a plot for rural tourism development in Ferragudo comes with numerous benefits, making it a smart investment for discerning buyers. This project encompasses a generous 4690 m² plot, designed for constructing a complex with 14 rental units, strategically positioned near one of the Algarve's most charming towns. The anticipated return on investment is robust, especially given the area's growth as a sought-after tourist destination. With the project approved for rural tourism licensing, buyers can tap into the lucrative short-term rental market without delay. Not only can this property facilitate 10 three-bedroom units for families and larger groups, but also cater to small groups or couples with two two-bedroom and two one-bedroom apartments. Proximity to local attractions, including beaches and golf courses, further enhances its desirability for visitors. The inclusion of amenities like an underground car park and storage adds value and convenience for both owners and guests. As this region continues to grow in popularity among tourists, investing in a rural tourism development here offers stability and potential for significant financial return. The opportunity to make alterations before construction also empowers buyers to tailor the development to their vision. Explore this enriching investment opportunity today and unlock the potential of rural tourism in Ferragudo—contact us to learn more!
• 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
