The Ferragudo investment plot available for a 14-unit rural tourism project is a 4,690 m² site near Estômbar and Parchal. It is offered for sale at €1,450,000, with the price covering the plot rather than the construction works. The proposed project is located on the outskirts of the attractive fishing town of Ferragudo. Plans provide for two buildings with two floors each. The intended accommodation consists of 14 rental apartments. The planned mix is 10 three-bedroom units, two two-bedroom units and two one-bedroom units. This arrangement could support a varied holiday accommodation portfolio in the Algarve. The project allows for approximately 2,000 m² of construction. A reception and commercial area are included in the concept for guest services and possible on-site activity. A swimming pool, bar, laundry and recreation room are also proposed. Landscaped green areas would contribute to the outdoor guest experience. Parking provision includes an underground garage for 10 vehicles. There are 25 outdoor parking spaces in addition to the basement provision. Lockable storage areas offer useful space for operations or future owners. The plot benefits from partial views towards Gramacho golf course and the surrounding countryside. Two Algarve golf courses are around five minutes away by car, while the nearest course is approximately 2.5 km away. The nearest beach is about 2.4 km away, and the sea is approximately 1.5 km from the property. Ferragudo town centre, restaurants and shops are around five minutes by car. Approval is not yet final, but the project has pre-guidance and the rural tourism licence is expected to be addressed at or before the sale. Buyers may be able to modify the plans before construction, creating scope to tailor the scheme to their business model. Contact us now for the plans, documentation and next steps in purchasing this Algarve development plot.
• 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
