Considering an investment in a tourism development project in the Algarve? This rural tourism project in Ferragudo is available for an attractive price of €1,100,000, making it an excellent opportunity for savvy investors. Spanning 4690 m², this plot offers the chance to create a small resort with the possibility of generating significant rental income from 14 residential apartments, strategically designed for occupancy through various seasons. The project is still awaiting final approval for the rural tourism license, ensuring that the investment is in a growth area with strong demand for vacation rentals. Located just 2.4km from the beach and surrounded by beautiful landscapes, including nearby golf courses, this site is well-positioned to attract both holidaymakers and long-term rentals. With the added benefit of underground parking and options to tweak building plans, this site is versatile and suitable for various investment strategies. Don’t miss out on this rare chance to secure a sustainable income-generating property in one of Portugal's most sought-after regions. Inquire today to discover more about this investment opportunity.
• 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
