This plot for a small resort located near the Algarve coast is available in Ferragudo, presenting an excellent opportunity for ambitious developers. Priced at €1,450,000, the plot spans 4,690 m² and is earmarked for constructing 14 apartments with varied bedroom configurations. Just 1.5 km from the stunning coastline, this location offers a balance of tranquility and accessibility—perfect for a resort setting. Buyers will benefit from potential tourist attraction owing to its proximity to the charming fishing town of Ferragudo, renowned for its local cuisine and vibrant cultural scene. Furthermore, the development will include essential facilities such as an underground garage and a swimming pool, catering to the needs of future guests. The project is still in the approval phase, allowing investors the flexibility to adapt their architectural plans. With a robust rental potential and ROI prospects, this plot is a must-consider for developers aiming to establish a resort in a prime Algarve location. Don’t miss this chance to seize a lucrative investment; contact us today for more details!
• 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
