The cost of this exceptional rural tourism project, which includes 14 apartments, is listed at €1,450,000. Perfect for buyers looking to invest in the burgeoning holiday rental market, this property presents a unique opportunity in Ferragudo, Algarve.
The development comprises ten 3-bedroom, two 2-bedroom, and two 1-bedroom apartments spread over two buildings and is in the final stages of approval, providing immense potential for future rental income. With the nearby beaches just 2.4 km away and a picturesque fishing town just a short drive away, the location is ideally suited for both investors and tourists.
The project also includes communal areas such as a swimming pool, bar, and recreational room, which further enhance the property's desirability. In addition, the underground car park and lockable storage offer convenience to guests.
Strategically positioned with easy access to restaurants and golf courses, this investment not only ensures solid returns but also contributes to enhancing the region's tourism experience. This property is a dream opportunity for those aiming to dive into rural tourism in one of Europe's most desirable locations. Contact us for further details and to arrange your 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
