The current asking price for a prime development plot featuring 14 apartments in Ferragudo is €1,100,000, representing a significant investment opportunity in the picturesque Algarve. This plot includes two planned buildings, each strategically designed to comprise 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, catering to a diverse range of guests. The land spans 4,690 m² with a construction footprint of 2,000 m², providing ample space for a future resort-like atmosphere. The plot is poised to benefit from its proximity to the beautiful beaches and vibrant local culture, just a short drive away. With fishing town charm, Ferragudo not only offers stunning views of the countryside and local golf courses but also convenient access to nearby amenities. The area is well-known for its potential for rental returns, making this plot an attractive prospect for investors. Waiting for final approvals, the project is an exciting opportunity for discerning buyers. Take the first step towards ownership of this distinctive development. Reach out to us for further insights and to arrange a personal tour.
• 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
