The investment potential of this plot with a rural tourism licence in the Algarve is substantial, particularly given its strategic location in Ferragudo, a sought-after tourist destination. Priced at €1,450,000, investors will acquire 4,690 m² of land, pre-approved for development into a resort featuring 14 apartments. With tourism in the Algarve witnessing continuous growth, this project is perfectly positioned to capture the demand for vacation rentals. The plan includes two buildings with a mix of three-bedroom, two-bedroom, and one-bedroom apartments, making it versatile for various target markets. Additional features such as a swimming pool and recreational areas further enhance its appeal to prospective guests. With the site located just 2.4 km from the beach and surrounded by attractions, it promises excellent occupancy rates. The opportunity to modify construction plans allows investors to tailor the development to suit market trends. With nearby amenities such as golf courses and restaurants, the property is set to attract visitors year-round. Seize this promising investment opportunity to make your mark in the Algarve's tourism sector. Reach out now for more 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
