Investment opportunities in rural tourism projects in the Algarve are abundant, especially with this latest offering in Ferragudo, priced at €1,450,000. This project encompasses a 4,690 m² plot with plans for two buildings, housing 14 rental apartments designed to attract vacationers. The ongoing development has a rural tourism license on the horizon, ideal for investors looking to capitalise on the booming Algarve tourism market. With a configuration of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, the property caters to a diverse clientele. Additionally, the inclusion of amenities like a swimming pool, recreational spaces, and underground parking increases its appeal. Located just a short distance from stunning beaches and local attractions, it’s positioned to become a hotspot for tourists. With the option to adapt project plans further, savvy investors have the chance to optimise this asset. Discover the potential of investing in the Algarve; reach out to us for more information!
• 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
