If you're looking to buy a plot for developing a small resort in the Algarve, you'll find a fantastic opportunity in Ferragudo. This 4,690 m² plot is in the final stages of approval for a rural tourism project, making it perfect for buyers keen on this type of investment. Set on the outskirts of Ferragudo, this location is only 1.5 km from the sea and offers potential views of the beautiful surroundings. The project is set to feature two buildings, each with two stories, including 14 rental apartments that range from 1 to 3 bedrooms. With a proposed construction area of 2,000 m², you have plenty of space for amenities to attract tourists, such as a swimming pool, bar, and recreational areas. The plot also includes underground parking facilities and lockable storage spaces. Positioning your resort here means easy access to local golf courses, high-quality restaurants, and the popular fishing town of Ferragudo. This is an excellent investment opportunity for those looking to capitalise on rural tourism in this desirable Algarve region. The asking price for this plot is €1,450,000, making it a promising venture with great potential for ROI. Don’t miss out on this early opportunity; make your investment in the Algarve lifestyle today! Contact us now to schedule a viewing!
• 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
