Developing a rural tourism project in the Algarve is an exceptional investment opportunity due to its rapidly growing tourism industry. The presented opportunity in Ferragudo showcases how a project consisting of 14 rental units, including spacious family-friendly apartments, can thrive in this picturesque region. Given its location, just 1.5 km from the sea and surrounded by the delightful atmosphere of a traditional fishing town, the allure for potential guests is immense. The Algarve is known for its stunning beaches, golf courses, and culinary delights, which all contribute to a rising demand for quality tourist accommodations. This specific plot offers considerable benefits, including plans for communal amenities such as a swimming pool and parking, optimising guest experiences. As the property is in the final stages of securing a tourism license, investors can expect a lucrative return as the tourist market expands. This venture not only allows you to profit from a growing market but also to contribute positively to local tourism. If you're considering an investment that combines profit with the chance to create lasting memories for visitors, a rural tourism project here is the perfect choice. Get in touch today to explore this exciting opportunity 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
