This incredible property for sale in Ferragudo is set to include a rural tourism license, making it an ideal acquisition for investors seeking a foothold in the tourism sector. Offered at €1,450,000, the project involves a substantial plot of 4,690 m² scheduled for the construction of 14 well-appointed apartments. Envisioned are facilities like a communal swimming pool, front desk area, and dedicated commercial spaces. The rural tourism license, currently awaiting final approval, will provide future owners with a significant advantage in attracting holidaymakers seeking an authentic Algarve experience. Being just 1.5 km from the beach and nestled within a picturesque area close to restaurants and leisure facilities, the property offers remarkable potential for high occupancy rates. This investment promises not only aesthetic appeal with views over Gramacho golf but also an opportunity for consistent rental income streams. For buyers focused on developing a tourist destination, this project should not be overlooked. Reach out now to learn more about this promising investment 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
