This rural tourism development project in the Algarve is priced at €1,100,000, which includes the 4,690 m² plot ready for construction. The project includes plans for two two-storey buildings containing 14 rental units, which can serve as an excellent source of income through tourism. With the development located on the outskirts of Ferragudo, just 2.4 km from the nearest beach, it provides an ideal balance of tranquillity and accessibility. The investment not only covers the land but also the prospect of lucrative returns upon completion of the tourism project. Guest amenities such as an underground garage, external parking, swimming pool, and commercial spaces make this property attractive for potential buyers. With a growing tourist market in the Algarve, this property is positioned to benefit from increased demand. Moreover, the rising interest in rural tourism gives investors a chance to capitalise on a unique niche in the market. As the project is awaiting final approval, interested buyers can proceed with confidence, knowing that this opportunity aligns with the regional tourism development goals. Schedule a viewing to fully appreciate the value of this promising investment!
• 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
