This Algarve development opportunity combines partial Gramacho golf views, proposed rental apartments and underground parking. The 4,690 m² plot in Estômbar, near Ferragudo, is offered for sale at €1,450,000. Buyers can develop a rural tourism scheme with 14 planned apartments, shared facilities and substantial parking provision. The approved concept comprises two two-storey buildings. Accommodation is planned as ten three-bedroom, two two-bedroom and two one-bedroom apartments. The proposed layout creates a flexible mix for holiday rentals, longer stays or a small resort operation. Planned communal facilities include a reception desk, commercial area, swimming pool and bar. A laundry, recreation room and green areas are also included in the project concept. Underground parking provides spaces for ten vehicles. There is additional outdoor parking for 25 vehicles. Lockable storage areas add practical value for owners, guests and operators. The land benefits from partial views towards Gramacho golf. Two quality Algarve golf courses are approximately five minutes away by car. Ferragudo town centre, restaurants and shops can also be reached in around five minutes. The nearest golf facilities are listed at approximately 2.5 km. The sea is about 1.5 km away, while the nearest beach is approximately 2.4 km from the plot. The rural tourism licence is awaiting final approval and documentation remains pending. The price covers the plot only, so construction and associated development costs must be budgeted separately. Buyers may have the option to amend the plans and add extra rooms before construction, subject to the relevant approvals. Contact us now to explore this Algarve investment opportunity and arrange further information or 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
