Investing in this property with 14 apartments in the Algarve is straightforward, especially with its appealing asking price of €1,100,000. This project is located near the delightful fishing town of Ferragudo, making it an exceptional choice for a resort or urbanisation development. The property is set to comprise two buildings, designed to cater to a range of vacationing guests, with 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, ensuring strong rental potential and ROI. Beyond the apartments, the site will feature amenities that enhance guest experience including a pool area, bar, and commercial spaces. Given its proximity to stunning beaches and vibrant golf courses, buyers will have an attractive investment on their hands. The planned rural tourism development is currently awaiting final approval, meaning savvy investors will secure a prime piece of property just before construction kicks off. Take this opportunity to invest in a thriving market; contact us today for more insights!
• 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
