The investment potential of this rural tourism project in Ferragudo is exceptional, making it a prime opportunity for savvy investors. Set on a generous 4,690 m² plot, the project includes plans for two buildings with a total of 14 apartments, 10 of which are spacious three-bedroom units ideal for family stays. The property is currently in the final stages of obtaining a rural tourism license, which opens doors to lucrative rental income from holidaymakers eager to explore the enchanting Algarve. With an extensive construction area of 2,000 m², the planned amenities feature a swimming pool, bar, and landscaped recreational areas that are sure to enhance guest satisfaction and drive repeat business. Proximity to Ferragudo's charming centre, nearby beaches, and golf courses adds to the strategic appeal of this investment. This project not only caters to the growing tourism demand but also provides flexibility for making adjustments to the building plans prior to construction. With the right management, this property can yield significant returns. Embrace the chance to invest in a thriving market by contacting us today for more detailed information!
• 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
