A 4,690 m² tourism development plot for sale near Algarve golf courses is available in the Ferragudo area for €1,450,000. It offers an approved-in-principle rural tourism concept with 14 planned rental apartments, although the rural tourism licence remains subject to final approval. The location combines proximity to golf, beaches, restaurants and the popular fishing town of Ferragudo, making it relevant to hospitality investors. The proposed development consists of two buildings, each with two storeys. The accommodation schedule includes ten three-bedroom units, two two-bedroom units and two one-bedroom units. Approximately 2,000 m² of construction area is planned. Resort amenities are designed to include a swimming pool, bar, front desk, commercial area and recreation room. Laundry facilities and landscaped green spaces would support the operation of the complex. An underground car park with lockable storage is part of the project concept. Parking provision also includes space for around ten vehicles underground and 25 vehicles outdoors. The plot has a partial view of Gramacho golf course. Two quality Algarve golf courses can be reached in approximately five minutes by car. Restaurants and shops are similarly close, helping to support guest convenience throughout the year. Ferragudo town centre is around five minutes away by car and offers a distinctive coastal village atmosphere. Praia and other local beaches are accessible, with the nearest beach approximately 2.4 km from the site. The sea is about 1.5 km away, while Faro Airport is approximately 66 km distant. Potential income could come from short-term holiday rentals across a varied apartment mix, subject to completion, licensing and operating costs. Buyers may also have the option to modify the plans before construction to suit their investment strategy. Enquire today for the project documentation, approval details and next steps for buying 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
