A rural tourism project near Ferragudo offering planned underground parking and a swimming pool is available for €1,450,000. The opportunity consists of a 4,690 m² development plot with a proposed construction area of approximately 2,000 m². Approval is still in its final stages, with pre-guidance in place, so the project should not be described as fully licensed yet. The concept is for two two-storey buildings containing 14 rental apartments. Ten units are planned with three bedrooms, alongside two two-bedroom and two one-bedroom apartments. Shared facilities are intended to include a swimming pool, bar, reception area and commercial space. The scheme also provides for a laundry, recreation room and landscaped green areas. Underground parking with lockable storage would add practical value for guests and operators. The listed parking provision includes space for ten vehicles in the underground garage. A further 25 vehicles could be accommodated in outdoor parking areas. The plot enjoys a partial outlook towards Gramacho golf course and surrounding countryside. Golf visitors could reach the nearest course in approximately 2.5 km. Two of the Algarve’s well-known golf courses are around five minutes away by car. Ferragudo town centre is also approximately a five-minute drive from the site. The nearest town is 1.4 km away, and the sea is around 1.5 km from the property. Beach access is convenient, with the nearest beach approximately 2.4 km away. Nearby restaurants and shops add to the convenience for holiday guests and residents. The proposed apartment mix provides multiple routes to generate seasonal or longer-term rental income. Investors should model ROI carefully because the purchase price excludes construction and future operating costs. There may be scope to change the plans or add rooms before building work starts, subject to approval. Contact us today to inspect the land and discuss this Algarve development 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
