For buyers looking for properties that combine both commercial and residential units near the beach, Ferragudo offers a remarkable opportunity. With a planned development of two buildings comprising 14 rental units that include both commercial spaces and various types of apartments, this project is perfect for investors aiming to capitalise on the flourishing tourism market. Located just 2.4km from the scenic coastline, the project will provide a unique blend of leisure and business potential. Future residents and guests will enjoy easy access to the beach, local amenities, and the charming atmosphere of the town. The design includes multiple three-bedroom, two-bedroom, and one-bedroom apartments, catering to families and couples looking for a getaway. Furthermore, amenities such as an underground car park and recreational areas will enhance the living experience. This investment opportunity is especially intriguing, given its potential for generating income through rentals while also providing spaces for commercial activities like cafes or shops, establishing an ideal mixed-use property. The current market conditions are ripe for development, especially with a rural tourism license already anticipated for approval. If you're seriously considering this opportunity, contact us today for more information and to arrange 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
