A development opportunity with partial golf views, extensive parking and holiday rental potential is available near Ferragudo for €1,450,000. The property is a 4,690 m² plot offered for sale, and the price excludes all construction costs. A rural tourism project is proposed on the land, with final licence approval still awaited. The current concept provides for two two-storey buildings. These buildings are planned to contain 14 apartments in total. Ten apartments would have three bedrooms, two would have two bedrooms and two would have one bedroom. The mix gives a future operator scope to serve different guest profiles and booking requirements. The development has an anticipated construction area of around 2,000 m². Planned communal facilities include a reception, commercial area and swimming pool. A bar, laundry and recreation room would add convenience for holiday guests. Green areas are also incorporated to support an attractive resort-style setting. The proposal includes an underground garage with capacity for 10 vehicles. There is space for a further 25 vehicles in outdoor parking areas. Lockable storage rooms could be useful for housekeeping, maintenance and guest equipment. Partial views of Gramacho golf course strengthen the appeal for golf-focused visitors. The nearest golf course is approximately 2.5 km away, with two major Algarve courses reachable in about five minutes by car. The nearest beach is 2.4 km away and the sea is approximately 1.5 km from the site. Ferragudo centre is also about five minutes by car, placing restaurants, shops and local services within convenient reach. The plans can potentially be changed before construction, subject to the applicable permissions and approvals. Future rental income and ROI will depend on the final build, management model, seasonality and operating expenses. Contact us to arrange further information and assess this Ferragudo 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
