The budget to acquire this 4,690 m² tourism site near Ferragudo is €1,450,000 for the plot. Buyers should also allow for construction costs, because the advertised price excludes building the proposed rural tourism development. The site comes with plans for two two-storey buildings and 14 rental apartments. The proposed units include 10 three-bedroom, two two-bedroom and two one-bedroom apartments. A swimming pool, reception, bar, commercial area and green spaces are planned as part of the scheme. Laundry and recreation facilities would support the intended resort operation. Underground parking for 10 vehicles and outdoor parking for 25 vehicles are also included in the plans. Lockable storage areas offer additional practical space for owners or operators. The rural tourism licence is awaiting final approval, although the project has pre-guidance. Documentation and planning conditions should be reviewed as part of the acquisition process. The opportunity to alter the plans before construction may be valuable to an investor with a defined business model. The 2,000 m² proposed construction area provides substantial scope for a small resort or urbanisation project. Its setting on the outskirts of Ferragudo combines countryside character with coastal access. The nearest beach is approximately 2.4 km away, and the sea is around 1.5 km from the site. Two of the Algarve’s best golf courses are about five minutes away by car. The plot has a partial view of Gramacho golf and surrounding rural landscape. Ferragudo centre, shops and restaurants are also reachable in approximately five minutes by car. Estômbar is around 1.4 km away, while Faro Airport is approximately 66 km from the property. Contact us to confirm the purchase budget, planning position and potential rental strategy.
• 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
