Investing in a rural development project with a swimming pool is made possible with this exciting opportunity in Ferragudo, available for €1,450,000. The project features two buildings comprising 14 rental apartments, alongside well-planned amenities which include a swimming pool, recreation room, and bar. Located just 5 minutes from popular golf courses, restaurants, and the picturesque town centre, this site is an appealing option for holidaymakers. The plot of land measures 4,690 m² with a construction area of 2,000 m², offering ample space for outdoor activities and green areas. With a planned underground parking garage for 10 vehicles and outdoor parking for 25, the convenience for guests is evident. The property is awaiting a rural tourism licence, meaning potential buyers can expect not only a charming living space but strong rental yields. Experience the lifestyle benefits of being close to the beach, only 2.4 km away, and enjoy the beautiful countryside views. This development is perfect for buyers looking to make a wise investment in the Algarve. Don't let this opportunity pass by; contact us now 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
