The cost of developing a small resort in the Algarve can be highly variable depending on specific project details, but you can explore a promising option at this rural tourism project in Ferragudo. Currently listed at €1,100,000, the price covers the plot only, excluding construction costs, yet it offers an excellent foundation for a lucrative investment opportunity.
Set on a generous 4690 m² plot, this project is designed for two two-storey buildings, with a planned total of 14 apartments. Featuring 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, this mix can appeal to a wide range of holidaymakers. Additionally, approved plans include an underground garage, recreational amenities like a swimming pool, bar, and lounge area, ensuring guests have a comfortable and enjoyable stay.
Another factor contributing to the investment potential is the project's proximity to popular attractions such as stunning beaches, quality restaurants, and golf courses, located just minutes away. Ferragudo itself, a charming fishing town, is known for its picturesque settings and community feel, making it a desirable destination.
With a rural tourism license in the final approval stages, buyers can expect the necessary documentation to facilitate development. The option to alter the plans provides flexibility, allowing developers to make choices that align with their vision. This idyllic location in the Algarve not only promises a delightful escape for guests but also assures high ROI potential for investors. If you'd like to learn more about the financial aspects and details of this development opportunity, contact us 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
