Ferragudo offers lucrative investment opportunities for developing apartments, particularly with this rural tourism project. Priced attractively at €1,450,000, this offering includes a generous 4,690 m² plot intended for tourism. The development plan features a total of 14 apartments spread over two floors, slightly elevated to provide beautiful views of the surrounding countryside.
The property includes multiple configurations, with 10 units designated as three-bedroom apartments, ensuring broad appeal for families and group bookings, along with additional two-bedroom and one-bedroom units. Given its proximity—only 2.4 km from the coastline—this site is positioned to attract significant tourist traffic.
With local amenities such as shops and restaurants only short distances away, this location enhances the investment’s appeal. The underground parking and designated storage space enhance the convenience for future guests. This project awaits tourism license approval, and there’s flexibility to modify the plans to maximise your return on investment. Seize this opportunity to invest in Ferragudo before it’s sold—contact us to discuss all aspects today!
• 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
