This development plot for sale near Ferragudo offers plans for a potential small rural tourism resort at an asking price of €1,450,000. The 4,690 m² Algarve site is planned for two two-storey buildings containing 14 rental apartments. It is suited to buyers looking to create a hospitality, holiday-letting or mixed tourism investment. The proposed apartment schedule includes ten three-bedroom units, two two-bedroom units and two one-bedroom units. This configuration provides scope to serve different holiday rental markets. Approximately 2,000 m² of construction is planned within the project. Guests could benefit from a reception area, commercial space, swimming pool and bar. The proposal also includes a laundry and recreation room to support resort operations. Green areas are intended to add space for relaxation and outdoor use. Basement facilities include underground parking for 10 vehicles. Lockable storage areas could assist with maintenance, owner storage or guest services. A further 25 outdoor parking spaces are planned. Partial views of Gramacho golf add interest to the setting. The plot lies on the outskirts of Ferragudo, a well-known fishing town in the western Algarve. Beaches, coastal scenery and the sea are within a short drive. The nearest beach is approximately 2.4 km away. Restaurants and shops can be reached in about five minutes by car, while the town centre is around 1.4 km away. Two Algarve golf courses are approximately five minutes’ drive from the site. Buyers may be able to adapt the plans before construction, creating flexibility for the final business model. Rental income and return on investment are potential benefits, but actual performance will depend on construction costs, approvals, management and market demand. The rural tourism licence is awaiting final approval, and the plot price excludes construction, so professional feasibility advice is recommended. Contact us to explore this investment opportunity and arrange further information.
• 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
