The investment potential for this rural tourism project featuring 14 apartments in Ferragudo is exceptionally promising. Situated on a spacious 4,690 m² plot, the project is planned to consist of two buildings, accommodating a variety of apartment types: 10 units with three bedrooms, 2 with two bedrooms, and 2 one-bedroom apartments. This thoughtful layout caters to diverse visitor needs, enhancing the likelihood of high occupancy rates.
Being in the Algarve, known for its picturesque beaches and world-class golf courses within close proximity, this project is ideally positioned to attract holidaymakers year-round. Investors will find value here, given the project’s pending rural tourism license, which will allow flexibility in attracting various markets, including families, couples, and groups.
The proposed amenities include a swimming pool, commercial areas, and recreational facilities, ensuring guests enjoy a comfortable stay and are well-entertained. The ease of access to neighbouring towns for shopping, dining, and leisure activities adds to the overall investment value.
With such compelling features and the allure of the Algarve as a tourist hotspot, this project offers a unique opportunity for high returns on investment. Take the next step and contact us to discuss how this project can align with your investment goals!
• 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
