Investing in a rural tourism development in the Algarve presents a unique opportunity, especially with this project listed at €1,450,000. This property features a 4,690 m² plot, with a planned construction area of 2,000 m² designed for tourism in rural areas. It includes 14 apartments, comprising 10 x 3-bedroom, 2 x 2-bedroom, and 2 x 1-bedroom units, providing a substantial investment opportunity for those looking to develop a small resort.
Located just 2.4 km from the nearest beach and 1.4 km from the charming town of Ferragudo, this site is perfect for attracting both local and foreign tourists. The project layout includes spacious green areas, a swimming pool, a commercial area, as well as conveniences like an underground garage for 10 vehicles.
The rural tourism license is currently awaiting final approval, making it an ideal time for new buyers to consider their options and possibly influence the design before construction begins. With proximity to quality restaurants, golf courses, and beautiful beaches, there's significant rental potential here.
Considering these factors, this project not only represents a wonderful business opportunity but also the chance to own a piece of Algarve’s stunning landscape. Reach out today to learn more about how you can secure this investment!
• 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
