The cost of a prime development plot for a small resort in the Algarve is currently set at €1,450,000. This exceptional area covers 4,690 m² and is strategically positioned just 2.4km from the stunning nearest beach and 1.5km from the picturesque town centre. The plot includes a comprehensive plan for constructing two buildings, comprising 14 rental units that cater perfectly to the thriving tourist market in the region. Prospective buyers will appreciate the generous construction area of 2,000 m², providing ample space for various developments, including modern amenities like a swimming pool and a recreational area. The project is designed to align with rural tourism, offering both commercial and residential potential. Furthermore, early-stage buyers will be pleased to know that preliminary approvals are already in place, streamlining the development process. Features such as underground parking, lockable storage, and outdoor areas will enhance the attractiveness of this investment. With its proximity to Ferragudo's top attractions and leisure facilities, this plot places investors in an advantageous position to capitalise on the booming tourism sector. Ready to build your dream resort in one of the Algarve's most sought-after locations? Contact us now for more details and to arrange 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
