The charming rural tourism project in Ferragudo is currently priced at €1,100,000, providing an exceptional opportunity for buyers interested in hospitality investments. It features 14 thoughtfully designed apartments, which include 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, all situated within two two-storey buildings. Each unit is accompanied by convenient underground parking and storage facilities, ensuring guest comfort and ease of access. Located just 1.5 km from the sea and 2.4 km from the nearest beach, this property in the Algarve boasts a prime location for attracting tourism. With nearby amenities including restaurants and shops mere minutes away, it is ideal for buyers looking to create a thriving resort. The plot covers an expansive area of 4,690 m², with a planned construction area of 2,000 m², promising ample space for development. An attractive aspect for potential investors is that this project is awaiting final approval for its rural tourism license, simplifying the licensing process. Moreover, prospective buyers have the chance to adjust the construction plans prior to finalisation, personalising the resort to meet market demands. With rising interest in rural tourism in the Algarve region, this property presents a lucrative investment prospect. Contact us now to schedule a viewing and seize this opportunity before it’s gone!
• 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
