The price for a sought-after rural tourism project in Ferragudo featuring 14 rental apartments is currently listed at €1,450,000. This investment provides a unique opportunity for buyers looking to develop a hospitality business in the picturesque Algarve region, just 2.4 km from the beach. The project is set on a generous 4,690 square metre plot and includes plans for two two-storey buildings housing a mix of accommodations: 10 x 3-bedroom units, 2 x 2-bedroom units, and 2 x 1-bedroom units.
Awaiting final approval, this project is positioned ideally for those looking to leverage the bustling tourism market in Ferragudo. The strategic location offers visitors a gateway to stunning beaches as well as proximity to several high-quality golf courses within minutes. With construction area plans totalling 2,000 square metres, the project also promises ample community space including recreational facilities and green areas – perfect for attracting guests.
The installation of essential amenities like underground parking and lockable storage ensures a functional and attractive offering for guests, allowing for a hassle-free stay. The benefits of owning such a property extend beyond the immediate appeal; investing in rural tourism in this area promises substantial long-term returns.
As the area of Ferragudo continues to flourish as a tourist attraction, securing a property at this price presents a sound financial decision. Explore this robust investment opportunity today, and do not hesitate to reach out for further details. Schedule your viewing now and start your journey toward becoming a key player in Ferragudo’s thriving tourism scene!
• 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
