Investing in properties in the Algarve with rural tourism licences awaiting approval is an excellent opportunity at present, particularly with this unique offering. This rural tourism project is situated in Ferragudo and is currently in the final stages of garnering approval for a lucrative tourism venture. With its two planned buildings comprising 14 rental apartments, including 10 three-bedroom options, this development is positioned to attract families and groups alike.
The generous plot size of 4690 m² is ideally located, only 1.5km from the stunning beaches of Algarve, ensuring high occupancy rates for any future rentals. Just a short drive from the local town of Ferragudo, residents will enjoy easy access to cafes, shops, and recreational activities, ideal for a vibrant lifestyle.
The potential for rental earnings, bolstered by local tourism trends, makes this property a fantastic investment for developers and investors alike. Furthermore, design modifications are permitted before the final build, allowing the new owner to tailor the development as needed.
This is a promising chance to invest in a burgeoning market where rural tourism is thriving. So, seize your opportunity and reach out to us today to learn more about this property and its potential!
• 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
