A development plot near Algarve golf courses with potential for a small tourism resort is available in the Ferragudo area for €1,450,000. The 4,690 m² site includes plans for a rural tourism development, although the purchase price covers the plot only and excludes construction. The proposal is in the final stages of approval, with the rural tourism licence still awaiting confirmation. The planned project consists of two buildings arranged over two floors. Together, they are designed to provide 14 apartments for holiday rental use. Ten apartments are planned with three bedrooms, alongside two two-bedroom and two one-bedroom units. This configuration gives the future operator flexibility across different guest segments. Proposed resort facilities include a swimming pool, bar, reception and commercial space. Laundry facilities, a recreation room and green areas are also part of the plans. Underground parking for ten vehicles and outdoor parking for 25 vehicles are listed among the site amenities. Secure storage areas could provide practical space for equipment, luggage or owner use. The land has a partial view towards Gramacho Golf and enjoys a countryside setting. Two quality golf courses can be reached in roughly five minutes by car. The nearest golf course is approximately 2.5 km away. Ferragudo town centre is around five minutes' drive from the plot. Local restaurants, shops and the fishing village lifestyle support the area's appeal to holidaymakers. Praia access is also convenient, with the nearest beach approximately 2.4 km away. The coast is around 1.5 km from the site, while Faro Airport is approximately 66 km away. Buyers may have the opportunity to adjust the plans before construction, subject to planning and licensing requirements. The proposed accommodation could support a seasonal rental business, though actual ROI will depend on development costs, management and demand. Contact us to examine the planning position and arrange a viewing of this Algarve development opportunity.
• 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
