The investment potential for this fully approved rural tourism project in Ferragudo is significant, boasting 14 planned apartments that cater to the burgeoning tourism market in the Algarve. Comprising 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, the property is ideally located just 1.5 km from the ocean, ensuring a steady flow of tourists seeking quality accommodations. The plot spans an impressive 4,690 m², providing ample space for amenities such as a swimming pool, commercial area, and underground parking, which enhance the property's attractiveness. Additionally, with the area projected to experience ongoing growth, this project is positioned perfectly for a strong return on investment. Buyers will benefit from the development’s proximity to Ferragudo's charming town centre, exquisite dining options, popular beaches, and quality golf courses, ensuring high occupancy rates throughout the year. The opportunity to modify plans before construction commenced also allows investment customization to meet market demands. Given the secured rural tourism license entering the approval phase, this project aligns with strategic real estate development trends in one of Portugal's most desirable locales. Don’t wait—unlock this exceptional investment opportunity today! Contact us for more information or to arrange a viewing.
• 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
