The asking price for this impressive development plot containing 14 flats in Ferragudo is set at €1,450,000. This is an extraordinary opportunity considering the extensive plans, which involve two buildings with a total of 14 rental units, including 10 spacious three-bedroom apartments, 2 two-bedroom, and 2 one-bedroom units. Positioned just 2.4 km from the scenic beach, this plot is ideally situated for profitable investment in the Algarve’s vibrant tourism market.
Given the plot's size of 4690 m² and a construction area of 2000 m², you have ample space for developing a resort that meets the demands of modern vacationers. The property’s location near essential amenities, like restaurants, shops, and recreational facilities, ensures its attractiveness to potential renters. Additionally, the preliminary approval of a rural tourism license indicates the local interest in enhancing tourism within the area, further endorsing this investment.
This opportunity also includes the option to modify the architectural plans, providing flexibility for tailored development that can cater to both short-term holidaymakers and long-term stays. The potential for high rental returns in this well-chosen location offers a promising return on investment for future stakeholders.
Taking advantage of this development plot now can position you strongly in a market that’s poised for growth. Act swiftly to discuss this opportunity and see how you can realise your vision for a successful rural tourism project. Contact us today for a viewing or further information!
• 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
