Buyers can find this rural tourism development project for sale near Ferragudo in the western Algarve for an asking price of €1,450,000. The 4,690 m² plot includes a project in the final stages of approval for two two-storey buildings with 14 rental apartments. It is located near Estômbar and Parchal, approximately 5 minutes by car from Ferragudo, beaches, restaurants and golf courses. The planned accommodation comprises ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. This mix could appeal to families, couples and groups seeking holidays in the Algarve. The proposed construction area is approximately 2,000 m². Plans also include a reception desk and commercial area for managing guest services. A swimming pool is intended to form a central leisure feature within the development. Additional communal facilities include a bar, laundry, recreation room and landscaped green areas. Underground parking is planned for ten vehicles. There is also outdoor parking capacity for 25 vehicles. Lockable storage areas provide practical space for operational equipment and guest belongings. The plot benefits from a partial view towards Gramacho golf course and the surrounding countryside. The nearest beach is around 2.4 km away, while the sea is approximately 1.5 km from the site. Two of the Algarve’s best-known golf courses are about a five-minute drive away. Ferragudo’s popular fishing-town centre, restaurants and shops are also close by. The rural tourism licence is awaiting final approval, with pre-guidance already in place according to the listing information. The plans may be capable of being changed before construction, subject to the relevant approvals. The purchase price relates to the plot only and excludes construction costs, so investors should prepare a full development budget and ROI assessment. Contact us now to request the plans, review the approval position and arrange further information about this Algarve investment 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
