The advertised purchase price for this 4,690 m² Ferragudo-area tourism site is €1,450,000. Buyers should budget beyond that figure because the price includes the plot only and does not include construction costs. The site is prepared for a proposed rural tourism scheme with approximately 2,000 m² of construction. The concept consists of two two-storey buildings containing 14 rental apartments. Accommodation is planned as 10 three-bedroom, two two-bedroom and two one-bedroom units. A complete development budget should therefore include building works, infrastructure, professional fees, finance, furnishings and operating setup. Buyers should also allow for applicable taxes, legal costs and any remaining planning or licensing expenses. The project includes a proposed reception and commercial area to support guest arrivals and resort services. A swimming pool, bar, laundry and recreation room are part of the planned facilities. Green areas could help create a pleasant countryside environment for holiday guests. Parking provision includes an underground garage for 10 vehicles and outdoor parking for 25 vehicles. Lockable storage spaces are also included in the development concept. The plot has a partial view towards Gramacho golf and is surrounded by the Algarve countryside. Two quality golf courses can be reached in about five minutes by car. Ferragudo’s popular restaurants, shops and town centre are similarly close. The nearest beach is approximately 2.4 km away, while the sea is around 1.5 km from the property. The rural tourism licence is awaiting final approval and has pre-guidance in place. Plans may potentially be amended before building work starts, subject to the authorities. This opportunity could suit a developer seeking a sizeable Algarve project with holiday rental potential, but a full feasibility study is essential. Contact us for the current documentation, planning information and assistance in calculating the total acquisition and development budget.
• 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
