Ferragudo is an exceptional location for a rural tourism investment, perfectly blending natural beauty and accessibility, with a current price of €1,450,000. This project encompasses two buildings with a total of 14 rental units, including a mix of 10 x 3-bedroom, 2 x 2-bedroom, and 2 x 1-bedroom apartments, catering to diverse guest needs. Set on a 4,690 m² plot with 2,000 m² available for construction, the design includes a swimming pool, commercial area, and ample green spaces. The proximity to local attractions such as pristine beaches, golf courses, and the vibrant town centre ensures a steady flow of potential guests year-round. The area is characterized by its rustic charm, tranquil atmosphere, and rich local culture, appealing to visitors seeking an authentic Algarve experience. With the rural tourism licence awaiting approval, the project is primed to deliver strong returns on investment and offers the potential for value appreciation as tourism continues to grow in the region. This is an ideal prospect for diligent investors keen on capitalising on the expanding market. Act swiftly—contact us now to discover more about this 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
