Currently available for an exceptional price of €1,450,000, this approved rural tourism project in Ferragudo represents a unique investment opportunity. The property plan outlines the construction of 14 rental apartments spread across two buildings, appealing to various renters looking for quality accommodation in the Algarve. The project is nearing its final approval, paving the way for an immediate return on investment. Being positioned just 1.5 km from the pristine beaches of Ferragudo and nearby vibrant local attractions, it is a prime location for catering to holidaymakers. The versatile plan includes 10 three-bedroom apartments along with two each of two-bedroom and one-bedroom units, accommodating different guest needs. This project also features modern amenities, including underground parking, recreational areas, and a swimming pool, all of which are highly desirable to visitors. With the added potential for customisation before construction begins, investors can optimise the project's appeal. Don’t miss out on securing this profitable venture; get in touch today for more details on how you can invest in this promising 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
