This tourism development opportunity is situated just 2.4 km from the stunning beaches of Ferragudo, presenting a lucrative investment for those looking to enter the holiday rental market. The property includes a spacious plot of 4,690 m², which is currently awaiting final approvals for a rural tourism project comprising 14 apartments. The planned construction of two buildings offers diverse rental options, ensuring broad appeal to vacationers. With 10 three-bedroom units, 2 two-bedroom units, and 2 one-bedroom units, the development is poised for high demand during peak seasons. It’s conveniently located near popular golf courses, restaurants, and local shops, presenting both lifestyle appeal and robust rental prospects. Ideal for buyers ready to create a relaxing retreat that combines traditional charm with modern comforts. Tap into the growing tourism sector today; reach out to discuss your venture in Ferragudo!
• 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
