The asking price for this remarkable rural tourism development in Ferragudo is €1,450,000, presenting a unique investment opportunity for serious buyers. This property encompasses a sizeable 4,690 m² plot, with planned constructions for two buildings that total 14 apartments—10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, making it a versatile investment in the tourism sector.
Set to attract visitors to the stunning Algarve region, the location is merely 1.5 km from the nearest beach, ensuring easy access to sun and sea. Ferragudo is only a 5-minute drive away, offering numerous dining and shopping options for guests. Plus, the property is conveniently located close to two prestigious golf courses within 2.5 km, catering to the leisure interests of potential clients.
In addition to residential units, the development includes a range of amenities such as swimming pools, bar areas, a reception, and recreational spaces that strategically enhance its market appeal. The project's approval is currently in the final stages, and potential buyers will have the opportunity to adapt the plans as needed before construction begins.
With ample parking available for both guests and staff, this property promises not only charm but also practical solutions for management. It’s an ideal chance to invest in a thriving tourism market in the Algarve. Contact us to discuss this opportunity and schedule a viewing!
• 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
