Explore Ferragudo's best real estate opportunity, featuring a rural tourism project designed for modern living. This property encompasses 14 rental units, comprising 10 three-bedroom, 2 two-bedroom, and 2 one-bedroom apartments, appealing to various market segments. With construction anticipated to include impressive facilities such as a swimming pool, a bar, and recreational spaces, it is a perfect fit for buyers looking for investment properties with multiple rental opportunities. Positioned within a 5-minute drive to the picturesque town centre and local amenities, the project is set in a desirable location just 2.4km from the nearest beach. This investment highlights not only a chance for significant rental income but the flexibility to adjust plans and enhance its appeal before construction begins. With features like underground parking and storage areas included, it meets the needs of residents and guests alike, creating a unique and profitable rental model. Engage with us today to uncover the potential that this exceptional property holds!
• 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
