Investing in this Algarve rural resort development plot could suit buyers seeking a sizeable tourism project approximately 2.4 km from the nearest beach. The plot is offered for €1,450,000 and extends across 4,690 m² near Ferragudo, one of the western Algarve’s popular fishing towns. A development concept is in place for 14 rental apartments within two two-storey buildings. The planned accommodation consists of ten three-bedroom, two two-bedroom and two one-bedroom apartments. This diversified unit mix may help target several segments of the holiday rental market. The proposed resort layout includes a swimming pool, bar, reception and commercial area. Guests could also benefit from a laundry, recreation room and landscaped communal areas. Underground parking for ten vehicles and 25 outdoor spaces are planned for convenient access. Lockable storage areas could support housekeeping, maintenance and ongoing resort operations. The site enjoys a partial view towards Gramacho golf course as well as countryside surroundings. Golf demand is supported by two courses within approximately a five-minute drive. Ferragudo’s centre is similarly close, offering restaurants, shops and a distinctive coastal village atmosphere. The sea is around 1.5 km away, and the nearest school is approximately 1 km from the site. Faro Airport is about 66 km away, providing access for international visitors and potential rental guests. The rural tourism licence is awaiting final approval, with pre-guidance reported in the property information. Plans may be changeable before construction, subject to the necessary planning and licensing permissions. The asking price covers the land only, so construction, professional, finance and operating costs must be modelled carefully. Potential rental income and ROI should be tested against realistic occupancy, seasonal pricing and management assumptions rather than guaranteed. Contact us to review the development documents and investigate this Algarve resort opportunity in detail.
• 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
