The cost of this unique rural tourism project in Ferragudo is €1,450,000. This investment opportunity encompasses a plot of 4,690 m², approved for the construction of 14 rental apartments: 10 with three bedrooms, 2 with two bedrooms, and 2 with one bedroom. The property is situated just 1.5 km from the coast and 2.4 km from the nearest beach, making it an ideal location for attracting tourists. With a construction area of 2,000 m² planned over two stories, this project promises excellent returns on investment. Key highlights include an underground garage accommodating 10 vehicles and outdoor parking for 25. Buyers looking to delve into the tourism sector will appreciate the potential to modify the construction plans before development begins. This property is set in the heart of the Algarve, close to vibrant restaurants, local shops, and popular golf courses. Additionally, it provides a stunning partial view of Gramacho Golf, enhancing its appeal as a holiday destination. Glimpse the ongoing charm of Ferragudo with its picturesque fishing town atmosphere, adding to the potential livability and rental desirability. This project is perfect for aspiring investors keen on making a mark in rural tourism. Don’t miss out on this remarkable opportunity; contact us today to secure your view!
• 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
