This plot in the Algarve offers an exceptional investment opportunity for those interested in rural tourism. The site is pending approval for a rural tourism license, allowing for the development of 14 rental units, including a mix of one, two, and three-bedroom apartments. Investment in this property not only provides a chance to tap into the lucrative holiday rental market but also the possibility of customising the project to suit your vision.
Covering a spacious 4690 m² area, the planned development will feature two modern, two-storey buildings. With a construction area of 2000 m², this project is designed to include essential amenities such as a recreation room, swimming pool, bar, and lockable storage. Furthermore, the investment potential extends to the nearby attractions, being just 5 minutes from Ferragudo's picturesque fishing town and beaches, making it attractive to tourists.
With a planned underground garage and outdoor parking for guests, the property is equipped for both convenience and comfort. The surrounding area boasts a rich array of quality restaurants and shops, further enhancing its rental appeal. This is a unique chance to invest in a growing tourism market in the Algarve, with the opportunity for high returns on investment. Don’t miss out on this promising opportunity – get in touch with us to discuss how you can secure this plot today!
• 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
