The Algarve is brimming with investment opportunities, particularly with this promising rural tourism development nearing completion in Ferragudo. Priced at €1,100,000, the project spans a substantial 4,690 m² and envisions the establishment of 14 luxury apartments within two carefully designed buildings. This project is perfectly positioned to captivate tourists, featuring 10 three-bedroom units complemented by additional two-bedroom and one-bedroom lodging options. For potential investors, the enhancement of this project is elevated by the pending approval of a rural tourism license. The construction will encompass a broad area of 2,000 m², ensuring ample facilities such as a bar, recreation area, and swimming pool to attract guests. Its advantageous location presents easy access to picturesque beaches, top-rated golf courses, and eclectic dining options within a 5-minute drive. As the area continues to thrive in popularity among holidaymakers, the potential for lucrative returns on investment escalates. The combination of competitive rental rates and an anticipated rise in tourism makes this an intelligent investment choice. Reach out today to learn about this unique 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
