This remarkable 14-apartment property for sale in the Algarve boasts a host of features that make it an exceptional investment opportunity. Positioned in Ferragudo, this development includes two buildings, with varied apartment layouts consisting of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units. The design incorporates a basement complete with parking spaces, ensuring convenience for both residents and guests.
Set in a tranquil environment, the outdoor areas will feature lush landscaping, a swimming pool, a bar, and recreational spaces, ideal for enhancing the guest experience. The project is also strategically placed just 1.5 kilometres from the stunning coastline, making it a desirable location for tourists seeking accommodation.
Additionally, the property lies in close proximity to two renowned golf courses, quality restaurants, and shops, contributing to its attractiveness for potential renters. Presenting a significant opportunity in rural tourism, the property is awaiting final approval of a tourism license, further promising an ideal investment landscape.
The planned amenities such as lockable storage areas and extensive parking options make this property highly functional for diverse needs. Plus, the flexibility to modify the building plans allows for adjustments based on market demands. At an attractive price of €1,100,000, this property is positioned to generate a considerable return on your investment.
If you’re considering a property that blends potential renting opportunity with appealing features in the Algarve, this is a must-see. Don't hesitate to contact us for more details or to arrange a viewing!
• 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
