Developing a tourism project in Estômbar, part of the beautiful Algarve region, offers excellent opportunities and significant returns. The proposed project includes 14 rental apartments within two well-designed buildings, perfect for catering to the burgeoning tourism market. With aplenty outdoor and underground facilities planned, including a swimming pool, commercial spaces, and recreational areas, your appeal to tourists seeking stylish accommodations is guaranteed. Located just a few minutes from popular beaches and golf courses, this area is quickly becoming a preferred destination for both domestic and international travellers. The advantageous climate and stunning landscapes only enhance its allure, promising a robust return on investment. Furthermore, the property comes with an existing rural tourism license, streamlining your path to development. Investing in this area means entering a dynamic market ripe for growth and expansion. Act now to seize this opportunity and consult our team to explore this exciting development 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
