This Algarve investment opportunity offers plans for 14 rental apartments near golf courses and beaches, with an asking price of €1,450,000 for the plot. The development site covers 4,690 m² near Ferragudo, in the Lagoa area of the western Algarve. The proposed rural tourism project remains subject to final approval, although pre-guidance has been obtained. Two two-storey buildings are planned for the site. The apartment mix includes ten three-bedroom units, two two-bedroom units and two one-bedroom units. This variety could help an operator target families, couples, groups and longer-stay visitors. The plans include a reception desk and commercial area for a coherent guest operation. Resort amenities are intended to include a swimming pool, bar, laundry and recreation room. Landscaped green areas would provide space for relaxation between visits to the coast and golf courses. An underground car park with lockable storage areas is incorporated into the scheme. The proposed garage provides parking for ten vehicles, supplemented by 25 outdoor spaces. Partial views of Gramacho golf course strengthen the appeal for holidaymakers interested in golf breaks. Two of the Algarve’s best golf courses are approximately five minutes away by car. The nearest golf course is listed at around 2.5 kilometres from the site. Praia and coastal attractions are readily accessible, with the nearest beach approximately 2.4 kilometres away. Ferragudo’s centre, restaurants and shops are about five minutes’ drive from the development. The sea lies approximately 1.5 kilometres away, offering convenient access to the Algarve’s coastal lifestyle. The project may provide scope to adjust the plans before construction, subject to the applicable approvals. Investors should note that the advertised price excludes construction and that projected ROI must be assessed against the complete development budget and operating model. Contact us today to explore this rental development opportunity and review the available plans.
• 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
