The cost of purchasing a prime plot for a resort near Ferragudo is currently set at €1,450,000, which includes the land area of 4,690 m² and plans for development awaiting final approval. This location is optimal, positioned just 2.4km from the beach, allowing future guests to easily access its stunning coastline while enjoying a peaceful rural setting.
This plot features a construction project for two two-storey buildings, consisting of 14 well-designed apartments, appealing to various tourist demographics. With significant potential for generating income through rental options, this investment represents a chance to tap into the growing demand for rural tourism in the Algarve.
Additionally, buyers can take advantage of the nearby amenities, including top-notch golf courses and fabulous dining experiences within a short drive. As the area is famed for its scenic beauty and vibrant culture, it presents both immediate gratification and long-term ROI prospects.
Investing in this plot allows for the creation of a distinctive resort that could serve both leisure and special events, ideal for capturing a segment of the local tourism market. Don’t miss out on this remarkable opportunity to own land that can significantly appreciate in value. Explore this investment 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
