The investment price for this promising rural tourism project in Ferragudo is set at €1,450,000. This competitive price includes a sizeable plot of 4,690 m² and plans for constructing two two-story buildings featuring 14 well-designed rental apartments. With an expected mix of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, this project is poised for profitability in the ever-growing tourism market in the Algarve. The location offers easy access, being only 1.5 km from the sea, and is near key attractions such as stunning beaches and golf courses. The planned development will include luxurious on-site amenities to enhance the guest experience, ensuring a solid return on investment. As the tourism license is currently awaiting approval, timely action can position you to reap the benefits of high demand as holidaymakers seek unique stays. This project represents an excellent opportunity for serious investors aiming to establish a lucrative rental property in one of Portugal's picturesque regions. Reach out today for further information or to discuss this investment opportunity!
• 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
