This small resort project near Ferragudo presents exceptional investment potential, with an asking price of €1,450,000. Comprising 14 upcoming rental units housed within two attractive two-storey buildings, the property offers a blend of one, two, and three-bedroom apartments, making it perfect for diverse tourist demographics. Located a mere 1.5km from the coastline and in close proximity to Ferragudo, this project is positioned to attract guests keen on immersing themselves in the Algarve's natural beauty and rich culture.
The site, which encompasses 4690 m², provides ample room for development while ensuring privacy and tranquility for guests. An underground garage and outdoor parking provisions add convenience, enhancing its appeal to potential renters.
Given the growing demand for rural tourism, this project is poised for success, especially with a licence awaiting final approval. With additional modifications allowed before the construction phase, buyers can maximise their investment according to market needs. This is a fantastic opportunity to tap into a lucrative rental landscape in the Algarve. If you're ready to invest in a thriving sector, contact us today to explore this small resort project!
• 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
