The investment potential of this rural tourism project in Ferragudo is substantial, especially given its prime location and design. With a total plot area of 4,690 m², the project includes two planned buildings consisting of 14 rental units, ideal for attracting visitors seeking a rural getaway in the Algarve. This area has a growing demand for tourism, and the project awaits final approval for a rural tourism license, making it a promising investment opportunity. Situated just 2.4 km from the beach and 1.4 km from the town centre, it benefits from both serene surroundings and accessibility to local amenities. Golfer’s will appreciate the proximity to two of the Algarve's best golf courses within a short driving distance. The site includes features such as an underground parking facility, outdoor parking, and lockable storage areas, which are appealing for both guests and operators. The potential for high rental income and ROI is enhanced by the inclusion of communal areas, swimming pool, commercial space, and recreational facilities. With opportunities to modify plans prior to construction, an investor has room to tailor the project to market demands. This rural tourism project not only appeals to buyers looking to invest but also contributes positively to the local economy by providing jobs and services. Take advantage of this unique opportunity in Ferragudo's vibrant tourism sector 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
