The cost of developing a rural tourism resort in Ferragudo, featuring 14 rental units, is currently €1,450,000. This project includes a combination of 10 x 3-bedroom, 2 x 2-bedroom, and 2 x 1-bedroom apartments within two stylish structures, each two stories high. The 4,690 m² plot provides a generous 2,000 m² of construction area and is a prime location just 5 minutes away from exquisite golf courses and the charming town of Ferragudo. The planned swimming pool, bar, and commercial area are ideal for enhancing guest experiences. Additionally, with conveniences like underground parking for 10 vehicles and outdoor parking for 25, accessibility is thoughtfully accommodated. The project is awaiting the final approval of rural tourism licensing, making it ripe for investment. Ideal for those looking to tap into the tourism sector, the proximity to local beaches, just 2.4 km away, adds to its attractiveness. Potential investors can benefit from good rental returns in the growing Algarve market. This venture promises a balance of lifestyle and investment potential. Explore this opportunity further by contacting us today!
• 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
