Investing in this Ferragudo development plot could provide access to a planned rural tourism scheme close to Gramacho golf course for €1,450,000. The land measures 4,690 m² and has a proposed construction area of approximately 2,000 m². Although the listing references a 15-house development, the detailed proposal describes 14 rental apartments, and buyers should confirm the final unit count during due diligence. The apartment plan includes ten three-bedroom, two two-bedroom and two one-bedroom units. This range could appeal to family groups, couples, golfing visitors and mixed holiday markets. The proposed two-storey buildings are designed as a small resort rather than a single private residence. Facilities include a swimming pool, bar, reception desk, commercial area, laundry and recreation room. Green spaces would help create a pleasant setting for guests seeking an Algarve countryside break. An underground garage for ten vehicles and outdoor parking for 25 vehicles are included in the specifications. Lockable storage areas could assist with luggage, maintenance equipment or operational requirements. The plot has a partial view of Gramacho golf course and countryside surroundings. The nearest golf course is approximately 2.5 km away, while two major courses are about five minutes by car. Ferragudo centre can also be reached in roughly five minutes by car. The sea is around 1.5 km away, and the nearest beach is approximately 2.4 km from the site. Restaurants, shops and the character of the popular fishing town broaden the tourism appeal. A multi-unit project may offer greater income diversification than a single holiday property. However, projected ROI will depend on planning approval, construction expenditure, financing, management, occupancy and rental rates. The current opportunity allows potential investors to consider changes to the plans before construction, subject to the relevant permissions. Contact us to assess the investment case, review the plans and arrange a site visit.
• 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
