The cost of a multi-unit development project in the Algarve region starts at €1,100,000 for a well-situated plot in Ferragudo, designed for 14 apartments. This investment includes a 4690 m² plot with a planned construction area of 2000 m², featuring various configurations of one, two, and three-bedroom units. The property is strategically positioned near key amenities, making it a fantastic opportunity for those looking to enter the lucrative holiday rental market.
The outlined project also offers potential buyers an attractive layout including outdoor areas, a swimming pool, and shared amenities, which are key selling features in the tourism sector. With the closest beach only 2.4 km away, and Ferragudo's vibrant town centre just 5 minutes drive, this location promises to attract both tourists and residents.
Buying into this project means you're investing in a rural tourism license which is currently pending approval, offering long-term benefits once operational. Investors will appreciate the flexibility provided by the ability to adjust plans before construction commences. With nearby golf courses and restaurants enhancing attractiveness, this property is ideal for generating rental income.
Secure your financial future through this promising investment—do not hesitate to contact us for more details or to arrange a site visit!
• 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
