The asking price for a rural tourism project in Ferragudo, which includes 14 rental apartments, is €1,450,000. This attractive investment opportunity resides on a substantial 4,690 m² plot and is currently awaiting final approvals for construction, presenting a rare chance for ambitious buyers. The development is planned to feature two two-story buildings, consisting of diverse apartment configurations tailored to meet various guest requirements—10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments. Apart from the apartments, the project will boast amenities such as a swimming pool, recreational facilities, a bar, and case storage, thus enhancing the overall experience for guests. This targeted approach ensures the project can capture a wide range of tourists visiting the Algarve. Nestled just 1.5 km from the beach and close to Ferragudo's charming village centre, the location is ideal for attracting tourists looking for rural comfort with easy access to local attractions. With a construction area of 2,000 m², this investment is particularly appealing in a region poised for growth in tourism. Explore this opportunity now to secure a lucrative investment in one of the most sought-after areas in the Algarve! Contact us today to schedule a viewing!
• 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
