Creating a small resort in the Algarve region could potentially range significantly, depending on the specifications and features you wish to include. For this particular project in Ferragudo, the land is priced at €1,450,000, though additional costs for construction and development must also be considered. With expertise in the local market, prospective buyers can foresee a lucrative return on investment, given the desirable location and established tourism culture. The planned development includes high-quality facilities such as apartments, a swimming pool, a bar, and recreational areas, establishing a perfect retreat for holidaymakers. Access to nearby attractions further enhances the appeal of this project, making it a solid investment in a thriving area. For accurate estimates and detailed discussions about investment potential, contact us to explore your options!
• 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
