Discover a unique opportunity to buy a property with 14 apartments in Algarve, ideally located on the outskirts of Ferragudo. This is a rural tourism project currently in the final stages of planning approval, ready for a savvy investor looking to develop a small resort or urbanisation project. The development includes two two-storey buildings consisting of 10 three-bedroom apartments, 2 two-bedroom apartments, and 2 one-bedroom apartments, complemented by an underground garage for 10 vehicles and outdoor parking for 25. With a total plot area of 4,690 m² and a substantial construction area of 2,000 m², this site promises substantial rental potential. Only a short drive from scenic beaches and renowned golf courses, it is perfect for buyers keen on capitalising on the vibrant tourism sector. The diverse accommodation options are designed for various guests, making it an attractive investment for holiday rentals. Enjoy beautiful countryside and partial golf views that enhance the appeal of this property. With amenities such as a swimming pool, bar, and recreation room planned, this project promises a delightful stay for visitors. Close to key amenities, including restaurants, shops, and schools, you’re set in a prime location near Ferragudo's scenic fishing town. Explore this investment opportunity now and make a mark in the Algarve tourism scene. Contact us today 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
