The asking price for this exceptional rural tourism development opportunity in Ferragudo is €1,100,000. This property is in the final stages of approval for constructing 14 apartments within two planned buildings, strategically positioned to attract both domestic and international tourists. Comprising 10 three-bedroom apartments alongside 2 two-bedroom and 2 one-bedroom layouts, this development promises spacious and comfortable lodging for future guests.
Set on a generous plot of 4690 m², the project includes essential features such as underground parking and green recreational spaces. Additionally, a swimming pool and bar facilities are planned to enhance the guest experience, making it attractive for vacationers seeking leisure in the Algarve. Only 1.5 kilometres from the sea and surrounded by scenic landscapes, guests will relish the location's tranquillity.
Moreover, Ferragudo's proximity to quality restaurants and shops, along with renowned golf courses, underscores its appeal to visitors. With projected growth in the tourism sector within the Algarve, this investment holds great potential for generating rental income.
The opportunity to adjust plans before construction begins allows for maximising the property's appeal to the market. If you’re seeking to invest in a flourishing tourism region, don’t miss this opportunity. Contact us for further inquiries and arrange a viewing of this promising investment site 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
