Rural properties in the Algarve that hold remarkable potential for tourism development include this promising project in Ferragudo. This site offers a unique and well-thought-out plan featuring two two-storey buildings with 14 apartments designed for tourist accommodation. Specifically, the development comprises 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments catering to a diverse clientele. Positioning itself strategically on a 4,690 m² plot with a total construction area of 2,000 m², the project stands to gain significant returns in the booming holiday rental market. Notably, the property is just a stone's throw from local beaches, golf courses, and the charming town of Ferragudo, making it an optimal choice for holidaymakers. The agriculture and countryside views along with proximity to local services make this an appealing investment. With pre-approval for a tourism license, the project is primed for execution. For investors eyeing opportunities in rural Algarve, this property combines location, potential ROI, and versatility. Don't miss the chance to invest in a prime holiday destination; contact us to explore this opportunity further!
• 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
