Investing in a property for rural tourism in Ferragudo comes with numerous benefits that can make your investment both rewarding and sustainable. This specific opportunity features a plot ready for development into 14 rental apartments designed to attract tourists seeking an authentic Algarve experience. With the project includes a combination of three-bedroom, two-bedroom, and one-bedroom apartments, you can cater to diverse guest needs and ensure high occupancy rates. Being located just minutes away from the beach and local amenities enhances its appeal. The plot awaits approval for a rural tourism license, which opens the door for various investment incentives and possibilities. Investors can benefit from strong rental yields in this sought-after destination, particularly during the peak tourist season. Additionally, the flexibility to change construction plans allows you to tailor the project to market demands, ensuring long-term profitability. With scenic views and a vibrant community atmosphere, buyers will find Ferragudo an attractive option for rural tourism investment. Begin your journey towards owning this promising opportunity, and reach out to us; we would be delighted to assist!
• 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
