Buying this rural tourism project near Ferragudo offers access to an established Algarve leisure market and a scheme in the final stages of approval. The project is for sale at €1,450,000 and includes a 4,690 m² plot, with construction costs excluded. Its location places the proposed development approximately 2.4 km from the nearest beach. Planned rural tourism accommodation consists of 14 apartments within two two-storey buildings. The unit mix includes ten three-bedroom, two two-bedroom and two one-bedroom apartments. This configuration can appeal to families, couples, groups and seasonal holiday guests. A reception area is planned to support professional guest management. The concept also includes a commercial area, swimming pool, bar and laundry facilities. Guests could enjoy a recreation room and landscaped green areas within the development. Underground parking and lockable storage would add convenience for visitors and operators. Ten underground vehicle spaces are proposed, complemented by outdoor parking for 25 cars. The site has a partial view of Gramacho golf and lies near two well-regarded golf courses. Golf is approximately 2.5 km away, creating potential appeal beyond the main summer season. Ferragudo’s fishing-town character, restaurants and shops are around five minutes by car. The sea is listed at approximately 1.5 km, supporting a coastal lifestyle proposition. The rural tourism licence is awaiting final approval, although pre-guidance has been obtained. Prospective purchasers should verify the approval position, planning conditions and construction budget before committing. The plans may be adaptable, allowing an experienced developer to consider additional rooms or other approved changes. Rental income, occupancy and ROI will depend on the final scheme, operating model and market performance. Contact us to review the documentation and arrange a viewing of this Ferragudo-area development opportunity.
• 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
