Buying this rural tourism project near Ferragudo could suit investors seeking an Algarve development close to golf courses and beaches. The €1,450,000 opportunity comprises a 4,690 m² plot with a proposed 14-apartment resort scheme. Its location is approximately five minutes by car from Ferragudo’s centre, restaurants and shops. Two of the Algarve’s quality golf courses are also around five minutes away by car. The nearest beach is approximately 2.4 km from the plot. The sea is around 1.5 km away, providing convenient access to coastal activities and seaside leisure. The planned development consists of two two-storey buildings. Fourteen rental apartments are proposed, including ten three-bedroom, two two-bedroom and two one-bedroom homes. The varied unit sizes could support family holidays, group bookings and couples’ stays. A reception desk would provide a clear arrival point for guests. Proposed leisure and commercial amenities include a swimming pool, bar and commercial area. The scheme also includes a laundry and recreation room. Landscaped green areas are planned to enhance the guest experience. Basement parking for 10 vehicles would help reduce pressure on the outdoor areas. Approximately 25 additional outdoor parking spaces are proposed. Lockable storage rooms could be useful for resort operations and maintenance equipment. The project offers partial views towards Gramacho golf and the surrounding countryside. There may be an opportunity to alter the plans before construction, subject to the necessary permissions. The rural tourism licence is awaiting final approval, while the purchase price covers the plot rather than the building work. Potential rental income and ROI should be assessed against construction, finance, licensing and management costs. Contact us today to investigate the project and arrange a viewing or document review.
• 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
