Invest in a promising resort development project located in Ferragudo, Algarve. This early opportunity features a plot area of 4,690 m² with a construction project underway for two buildings, comprising 14 rental units (10 x 3 bedrooms, 2 x 2 bedrooms, and 2 x 1 bedroom). With a total potential construction area of 2,000 m², this project is in the final stages of approval and is ideal for those looking to create a thriving tourism destination in this beautiful fishing town.
Ferragudo is well-known for its stunning coastline and picturesque landscapes, with the nearest beach being just 2.4 km away. Additionally, it’s a short 5-minute drive to the Algarve's top golf courses and a vibrant selection of restaurants and shops. The inclusion of amenities such as an underground parking facility, commercial area, swimming pool, and recreational spaces gives this development significant appeal to future guests.
Moreover, the rural tourism license is in the process of approval, allowing for flexibility in the project’s design and potential expansion. This strategic location not only offers a great investment opportunity but also promises high returns from both short-term holiday rentals and long-term accommodation.
Don’t miss the chance to capitalize on this opportunity before it's gone; contact us today to discuss the potential and start planning your investment!
• 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
