The ideal investment opportunity for rural tourism near Ferragudo is undoubtedly this project comprising 14 rental apartments on a spacious 4,690 m² plot. With the project in its final stages of approval, this site has immense potential for generating income through holiday rentals. The planned development boasts two buildings with various apartment types, catering to different guests' needs—10 three-bedroom units, 2 two-bedroom units, and 2 one-bedroom units. This diversity strengthens the investment's appeal, especially given the Algarve's reputation for attracting tourists year-round. Located within 2.5 km of top golf courses and within easy reach of Ferragudo’s vibrant local amenities, this property is positioned to draw in visitors looking for both relaxation and activity. Priced at €1,450,000, this rural tourism project stands out as a competitive investment opportunity in a popular holiday destination. With expansive communal areas including a swimming pool and recreational facilities, your guests will be inclined to enjoy their stay even longer. This project is perfect for buyers looking to enter the lucrative seam of rural tourism. Don't miss out on this chance to secure an astute investment! Get in touch now for more information.
• 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
