The cost of investing in a rural tourism project in the Algarve is currently priced at €1,450,000. This investment covers an extensive plot of land and the opportunity to develop 14 apartments in Ferragudo, perfect for a burgeoning tourism market. The project includes plans for 10 three-bedroom apartments, 2 two-bedroom apartments, and 2 one-bedroom apartments, allowing for diverse rental opportunities.
Not only does this project offer substantial space with a plot area of 4,690 m², but it is also positioned just 2.4 km from the nearest beach, making it highly desirable for potential visitors. The planned amenities are extensive, featuring a swimming pool, bar, front desk, and secure parking facilities, ensuring a comprehensive service for guests.
Investors will benefit from a rural tourism license that is awaiting approval, adding value to the property and ensuring compliance with regulations. This project also allows potential buyers to customise the building plans, offering flexibility in design and ensuring maximum appeal to the target market.
With the vibrant atmosphere of Ferragudo and proximity to two famous golf courses, this area is a hotspot for tourists seeking relaxation and recreation in the Algarve. This investment not only holds promise for immediate returns but also long-term growth as tourism continues to flourish in the region. Now is the perfect time to explore this opportunity further. Contact us today for more details!
• 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
