This promising development project near Ferragudo includes a rural tourism license that is currently awaiting final approval, making it an attractive opportunity for investors. Situated only 2.4 km from the beach, this site features two buildings designed for tourism, comprising 14 apartments—10 of which are three-bedroom units. The nearby Ferragudo town centre and its vibrant offerings, such as shops and restaurants, are within a short drive, making it a desirable location for guests. The project encompasses a plot of 4,690 m² with extensive construction plans, allowing for a range of amenities including a swimming pool, green areas, and underground parking. For those looking to invest in a growing market, this project holds the potential for strong rental yields while contributing to the local tourism economy. The sought-after location and pre-approved plans emphasise the investment appeal further. Customize your plans and turn this vision into reality. Don't hesitate to reach out for more details and start your journey into property investment in the Algarve!
• 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
