Investing in this two-building rural resort development near Ferragudo could give buyers access to a planned 14-unit tourism project in the Algarve for €1,450,000. The opportunity is based on a 4,690 m² plot in a countryside setting near Estômbar, within easy reach of the Algarve coast. The proposed project is in the final stages of approval and has received pre-guidance, while the rural tourism licence remains subject to final approval. Two two-storey buildings are planned to create a small resort or urbanisation-style development. The accommodation schedule includes ten three-bedroom apartments, two two-bedroom apartments and two one-bedroom apartments. This mix offers potential flexibility for family holidays, couples’ breaks and group bookings. The planned reception and commercial area could help establish a professional guest arrival and management operation. A swimming pool, bar, laundry and recreation room are included in the proposed facilities. Communal green areas would complement the rural tourism concept and provide outdoor relaxation space. Underground parking for ten vehicles and lockable storage areas add operational convenience. The plans also indicate 25 outdoor parking spaces for guests and visitors. Partial Gramacho golf views may help distinguish the project in the holiday accommodation market. Two quality golf courses are approximately five minutes away by car, supporting year-round golf tourism potential. Ferragudo, known for its fishing-town character, is around five minutes’ drive from the site. Restaurants, shops and local services are close enough for convenient guest access. The nearest beach is approximately 2.4 kilometres away, while the sea is about 1.5 kilometres from the plot. Faro Airport is approximately 66 kilometres away, making the development accessible to international visitors. Investors may be able to modify the plans before building, subject to planning requirements and final approval. The land price excludes construction, so buyers should commission a full feasibility study covering build costs, financing, licensing, projected occupancy and potential ROI. Contact us now to assess the investment case and arrange a viewing of this Algarve resort 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
