Investing in a development project in west Algarve, like the proposed rural tourism initiative in Ferragudo, offers considerable potential for impressive returns on investment (ROI). With a construction project poised for 14 apartments set in a desirable location near the coast, the demand for quality accommodation is high, especially in tourist-heavy seasons. Located just 1.5km from the sea and 2.4km from the nearest beach, this site benefits from excellent accessibility, appealing to both tourists and locals looking for rentals. The proposed amenities, including a swimming pool, an underground garage, and ample outdoor parking, significantly enhance its allure as a vacation destination. The estimated selling price of €1,100,000 for this project could yield significant rental income given the area's popularity and the increasing influx of visitors seeking unique rural experiences wrapped in luxury. This development also presents opportunities for future modifications before construction starts, allowing investors to optimize plans according to market demands and buyer preferences. Furthermore, being only a short drive away from restaurants, shops, and golf courses, the project benefits from enhancing the overall guest experience and, in turn, its profitability. With the rural tourism license pending, positioning your investment ahead of market trends can secure an advantageous spot in this burgeoning sector. For enlightened investors looking to tap into the Algarve’s thriving tourism industry, now is the moment to take action. Contact us for a comprehensive discussion about the potential of this exciting development opportunity!
• 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
