An investment property for sale in the Algarve with plans for 14 holiday apartments is available near Ferragudo for €1,450,000. This development opportunity comprises a 4,690 m² plot, with the sale price referring to the land and excluding construction costs. The proposal is designed for rural tourism and is in the final stages of approval. Two two-storey buildings are planned as part of the scheme. The accommodation mix includes 10 three-bedroom units, two two-bedroom units and two one-bedroom units. This range could appeal to couples, families and larger holiday groups. A total planned construction area of approximately 2,000 m² gives the project meaningful commercial scale. The layout also allows for a reception desk, commercial space and guest-focused communal areas. A swimming pool would create a strong leisure feature for future holiday visitors. The scheme includes a bar, laundry, recreation room and landscaped green spaces. Underground parking for 10 vehicles is planned beneath the buildings. A further 25 outdoor parking spaces add convenience for guests and staff. Lockable storage areas could assist with operational equipment, owner belongings or maintenance supplies. The partial Gramacho golf view adds appeal for visitors seeking an Algarve golf holiday. The nearest golf course is about 2.5 km away, and two leading courses are approximately five minutes by car. Ferragudo is around five minutes away by car and offers restaurants, shops and the character of a traditional fishing town. Beaches are within easy reach, with the closest approximately 2.4 km from the plot. Subject to final approval, the project could provide a basis for holiday rental income, although returns will depend on the completed scheme, operating costs and market performance. Contact us to examine the plans, approval position and investment potential in detail.
• 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
