Investors seeking properties in Ferragudo with tourism licenses pending approval will find a promising opportunity in this rural tourism project. The asking price of €1,100,000 includes a generous plot area of 4,690 m² dedicated to developing 14 rental apartments. The current project features two stylish buildings, designed with 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom units, appealing to various tourist demographics. Additionally, with the location just 1.5 km from the ocean, potential guests will be drawn to the proximity to beaches and local attractions. An underground car park and storage spaces add to the enriching experience for visitors and owners alike. Given the tourism license is awaiting final approval, this property is ideally positioned for quick activation once purchased. The surrounding locale offers fantastic access to popular coastal resorts and golf courses, making it a hot spot for seasonal visitors or year-round rentals. This development isn’t just about a property purchase; it represents a significant investment opportunity in one of Portugal’s most idyllic regions. Don't hesitate—contact us now for further details or to schedule a viewing!
• 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
