Investing in this 2,000 m² rural tourism project could give an experienced buyer the opportunity to create a small Algarve resort near Ferragudo. The 4,690 m² development plot is for sale at €1,450,000, with building costs payable separately. Its proposed accommodation comprises 14 rental apartments in two two-storey buildings. The mix of ten three-bedroom, two two-bedroom and two one-bedroom units is designed to serve several holiday markets. A development of this scale could provide multiple income streams rather than relying on a single dwelling. Shared facilities are planned to include a swimming pool, bar, reception, commercial space and recreation room. Laundry facilities and green areas could improve the functionality and appeal of the completed resort. Underground parking for 10 vehicles and outdoor parking for 25 vehicles are included in the plans. Lockable storage areas may assist with guest services, maintenance equipment and operational management. The site has partial views of Gramacho golf course as well as countryside surroundings. Golf tourism is supported by the location, with two leading courses around five minutes away by car. Ferragudo is also close enough for guests to enjoy its restaurants, shops, harbour atmosphere and fishing-town character. The nearest beach is approximately 2.4 km away. The sea is listed at approximately 1.5 km from the plot. A nearby school and local amenities add context to the established nature of the area. The rural tourism licence is awaiting approval, with pre-guidance already available according to the property information. Final planning, licensing and technical documentation must be confirmed before purchase. The ability to amend the plans before construction may allow an investor to refine the unit mix or facilities. Potential ROI could come from seasonal holiday lets, golf breaks and longer Algarve stays, although financial performance is not guaranteed. Request the full documentation and contact us to arrange a site inspection.
• 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
