The asking budget for this 4,690 m² Algarve land parcel is €1,450,000, with the plot offered for sale for rural tourism development. The advertised price does not include construction costs, so buyers must plan separately for the full build and operation budget. Located in Estômbar near Ferragudo, the land carries a proposed tourism project in the final stages of approval. The concept provides approximately 2,000 m² of construction area across two floors. Two two-storey buildings are planned within the rural tourism scheme. The accommodation proposal comprises 14 apartments in total. Ten units are planned with three bedrooms, alongside two two-bedroom and two one-bedroom apartments. Shared facilities are intended to include a reception, commercial area, swimming pool and bar. The project also provides for a laundry, recreation room and green spaces. Parking provision includes an underground garage for ten vehicles. A further 25 outdoor parking spaces are listed for the development. Lockable storage areas could improve the practical operation of the apartments. Partial views of Gramacho golf add a distinctive setting for a hospitality project. Two golf courses are approximately five minutes away by car, with golf listed at around 2.5 km. Ferragudo’s centre, restaurants and shops are similarly close by car. The nearest beach is approximately 2.4 km away, while the sea is about 1.5 km from the plot. A rural tourism licence is awaiting final approval, with pre-guidance already obtained. The seller indicates that approval is expected at the time of sale or before, subject to the outstanding documentation and authorities. The plans may be altered before construction, potentially allowing a buyer to refine the accommodation mix. A detailed feasibility study should account for construction, professional fees, infrastructure, financing, staffing and marketing before calculating ROI or rental returns. Contact us to obtain the available documents and assess the total investment budget for this Algarve development.
• 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
