This rural tourism project located in Ferragudo offers an exciting investment opportunity with 14 apartments ready for development. The project features 10 three-bedroom units, 2 two-bedroom units, and 2 one-bedroom units, making it ideal for those looking to establish a small resort or tourism-focused urbanisation. With the price set at €1,450,000, this project includes a plot size of 4,690 m² and a substantial construction area of 2,000 m². Located just a short drive from the beautiful fishing town of Ferragudo, the project is within 5 minutes of excellent golf courses, restaurants, and shops. The property also includes a basement with underground parking and lockable storage, enhancing its appeal for future visitors. Investors will benefit from a partial view of Gramacho golf and convenient access to scenic beaches just 2.4 km away. The project is subject to the final approval of its rural tourism license, which has been already discussed, making it a promising venture. This location not only offers great potential for rental income but also positions you in a popular tourist destination along the Algarve coast. Given the rising demand for tourist accommodations in the region, this investment could yield a strong return. Don’t miss this opportunity to create a unique resort experience in Ferragudo. Contact us now to schedule a viewing and explore this remarkable project further!
• 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
