For savvy investors seeking lucrative opportunities in rural tourism, this project near Ferragudo presents a unique chance to invest in real estate with rental potential. The development involves two buildings designed to accommodate 14 apartments, situated within a short drive of stunning beaches and rich local culture. With ten three-bedroom, two two-bedroom, and two one-bedroom apartments planned, there’s considerable scope for generating rental income. The 4,690 m² plot is also designed with underground parking and amenity spaces, ensuring guests enjoy a full resort experience. As this project is in the final stages of approval, interested buyers can still influence its design, tailoring it to market demands. This location is ideal for attracting holidaymakers who appreciate the charm of Ferragudo and nearby attractions. Perfect for those aiming to diversify their investment portfolio, this property could serve as your gateway to successful rural tourism. Don’t miss this opportunity; reach out today for further 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
