This unique development opportunity in Algarve is your chance to invest in a project featuring 14 apartments, currently nearing final approval. Comprising 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments within two stylish two-storey buildings, this property promises a lucrative return on investment. Located just 1.5km from the sea and 2.4km from the nearest beach, the site spans 4690 m², providing ample space for a boutique resort or urbanisation project.
The plot offers a construction area of 2000 m², alongside essential amenities such as underground parking for 10 vehicles and outdoor parking for 25. Ideal for buyers looking to capitalise on the booming tourism industry in the Algarve, this project is perfectly situated within 5 minutes from quality restaurants, shops, and renowned golf courses.
With a current asking price of €1,450,000, this property is an exceptional investment for forward-thinking developers wishing to tap into the rural tourism market. This area is rapidly developing, ensuring consistent demand for rental units, particularly during peak seasons. Interested buyers can modify plans before construction begins, adding potential value to the investment.
Take this opportunity today and position yourself at the forefront of Algarve's flourishing property market. Contact us now to explore this exciting investment prospect!
• 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
