The cost for a fantastic rural tourism project near Gramacho golf course starts at €1,450,000, making it an ideal investment for those interested in the rapidly growing Algarve market. This project includes plans for two buildings that will house a total of 14 apartments: 10 three-bedroom units, 2 two-bedroom, and 2 one-bedroom apartments. The project leverages its prime location within just 1.5km of stunning beaches, ensuring a high level of tourist engagement. Additionally, this plot spans 4690 m², providing enough space for communal amenities such as swimming pools and recreational areas. The increasing demand for quality rentals in this picturesque region makes investing in this distressed asset a savvy move. As it stands, the property has a construction area of 2000 m², and the anticipated rural tourism license is nearing approval, meaning investors can start developing soon. This is an excellent opportunity for those looking to create a destination that combines leisure and natural beauty in Portugal. Just five minutes from Ferragudo's town centre and beautiful coastal views, this property is truly unique. Seize the opportunity to invest in a project that promises both aesthetic charm and lucrative returns. Reach out to us now to learn more about this exciting opportunity!
• 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
