The rural tourism project available in the west Algarve, specifically in Ferragudo, includes a prime plot of 4,690 m² ready for development. It features plans for two two-story buildings encompassing 14 rental apartments—10 with three bedrooms, 2 with two bedrooms, and 2 with one bedroom. This variety will cater to a broad audience, making it an attractive investment in the region's thriving tourism market. With a construction area of 2,000 m², the project aims to offer comprehensive amenities, including a swimming pool, a delightful bar, and ample green areas for guests to unwind. Additionally, the plot provides underground parking and lockable storage options, adding further convenience for potential renters. Located just 1.5 km from the beach, this spot perfectly balances proximity to relaxation with access to local culture and activities. Expected to receive final approvals soon, this property is priced at €1,450,000, which is competitive for the range of amenities and potential rental income. Investors will also appreciate the possibility of customising plans before construction begins, allowing for personal touches to enhance the property's appeal. Seize this opportunity to step into a promising generate passive income through rural tourism! Reach out today for more details.
• 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
