The price to invest in this lucrative rural tourism opportunity with 14 apartments in Ferragudo is listed at €1,450,000. This investment features a well-planned site that allows for the construction of two buildings, housing a mix of 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments tailored for the tourist market. Positioned just 2.4 km from the nearest beach, and surrounded by scenic landscapes, this project is poised for success in the thriving Algarve tourism sector. With thoughtful design elements, including a swimming pool, commercial areas, and underground parking, this property addresses essential guest needs while offering great investment potential. Notably, the property comes with a rural tourism license awaiting final approval, adding a layer of security for your investment plans. As Ferragudo is well-connected, with proximity to popular dining options and recreational activities, buyers will find it appealing for international visitors. This investment not only promises returns during the tourist season but allows for adaptable building plans, facilitating a personalised approach to development. Seize this opportunity and contact us today to further discuss this promising project!
• 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
