Investors will find a multitude of opportunities within the rural tourism project near Ferragudo, perfect for tapping into the thriving Algarve market. This promising project is set to feature 14 apartments spread across two elegantly designed buildings. Located merely 1.5 km from the sea, its proximity to local attractions like restaurants, shops, and recreational activities significantly enhances its potential. The site includes a swimming pool and various facilities tailored to both tourists and locals, thus assuring great demand. Anticipated rental returns for such properties in this booming market create an enticing prospect for buyers, with the property priced at €1,450,000. With the backing of a rural tourism project awaiting approval, this property provides both security and profitability. This is an ideal time to enter the Algarve market. Explore this unique investment and contact us now for further details on how to seize this opportunity!
• 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
