This plot ready for development is located on the outskirts of Ferragudo in the Algarve, spanning a generous area of 4,690 m². The plot is large enough to accommodate two buildings, which are set to include a total of 14 rental units: 10 with three bedrooms, alongside two with two bedrooms and two one-bedroom units. The construction area covers 2,000 m², providing ample space for various amenities including a swimming pool, green areas, and underground parking. This prime real estate is within a convenient reach of local shops, exquisite restaurants, and the stunning beaches only 2.4 km away. Buyers looking for investment potential will be pleased to note the planned layout includes options to increase the number of apartments before finalising. The area’s increasing popularity as a tourist destination also promises a strong rental market. Don’t miss out on securing this exceptional plot; contact us now to arrange a viewing and explore further development possibilities!
• 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
