The price of this exciting rural tourism project in Ferragudo is €1,450,000. It comprises 14 apartments, including 10 three-bedroom units, 2 two-bedroom apartments, and 2 one-bedroom apartments, all designed to cater to a variety of guest needs. Situated just 2.4 km from the nearest beach and within proximity to local amenities, this property offers a golden opportunity for investors looking to dive into the booming tourism market in the Algarve. The two buildings span a construction area of 2000 m² on a substantial plot of 4690 m², making it ideal for creating a small resort or urbanisation project. Additional features include a basement with underground parking for 10 vehicles and lockable storage areas for secure management of equipment and supplies. With the added bonus of potential rental income from the various apartment sizes, this investment holds significant appeal for potential buyers. Enjoy the convenience of being just a 5-minute drive from superior golf courses, restaurants, and shops, making it a prime location for tourists and locals alike. The project is awaiting final approval but comes with pre-guidance indicating a promising outcome. Explore the diverse possibilities associated with changing plans before construction commences to suit your vision. Opportunities like this are rare in Ferragudo, so act fast to secure this impressive investment. Contact us today to learn more about this unique offering!
• 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
