Explore an exceptional opportunity to invest in a rural tourism project located just outside Ferragudo. Priced at €1,450,000, this site spans a generous 4,690 m² and has plans for two two-storey buildings, featuring 14 apartments—10 with three bedrooms, two with two bedrooms, and two with one bedroom. With a rural tourism license awaiting approval, this project is perfect for buyers looking to develop a small resort or urbanisation, combining excellent locale with investment potential.
These buildings will incorporate modern amenities including a communal swimming pool, bar, recreation areas, and a front desk to cater to guests. The property is strategically located about 2.4 km from the nearest beach and just a short drive from local attractions such as golf courses, restaurants, and shops in the picturesque fishing town of Ferragudo. The existing plan offers flexibility, especially as there is an option for buyers to change designs before construction begins, allowing room for creative expansion.
Additionally, with potential for rental income from the apartments, this property stands as a compelling investment in Portugal's thriving tourism sector. Imagine the possibilities of transforming this beautiful space into a sought-after getaway for holidaymakers. Don't miss this chance to purchase a prime piece of land in the Algarve. Contact us now to schedule a viewing or for more information!
• 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
