The current price for this exceptional plot earmarked for resort development in the Algarve is €1,450,000. Located near Ferragudo, this 4,690 m² plot comes with approved plans that allow for the construction of two buildings featuring a total of 14 apartments, all designed with the potential for tourism in mind. Buyers aiming to enter the Algarve's lucrative tourism market will find this opportunity particularly appealing, especially with a rural tourism license awaiting final approval.
This investment not only offers the chance to develop a resort but also includes attractive amenities like communal outdoor spaces, a swimming pool, and underground parking. Situated just a short distance from the beautiful beaches (2.4 km), top-notch restaurants, and two of the Algarve's best golf courses, the plot is positioned for high rental demand, enhancing its investment credentials.
For potential resort developers or investors, the flexibility of the project allows alterations to layouts and additional rooms if desired, providing the opportunity to tailor the development to market needs. The potential ROI in this growing region makes it a vital consideration for serious buyers. Secure your chance to develop in one of Portugal's prime locations today. Reach out to us for further details or to arrange a viewing of this unique 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
