The asking price for this exceptional 14-apartment rural resort project in Ferragudo is €1,450,000. With a plot size of 4,690 m² and designed for a construction area of 2,000 m², the project promises a lucrative return on investment given its strategic location just 1.5 km from the sea. Encompassing two two-story buildings featuring 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, the development is ideal for creating a vibrant tourist destination. Additional offerings such as an underground car park, a swimming pool, a bar, and communal green spaces enhance the attractiveness of this project. Moreover, this property is close to excellent golf courses and local amenities, making it perfect for tourists all year round. With the rural tourism license in the approval stages, it's a golden chance for serious investors to tap into the Algarve’s booming tourism market. Take advantage of this opportunity today! Contact us to discuss how you can make this resort project a reality!
• 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
