For potential investors looking for rental units in Ferragudo, this impressive rural tourism project features a perfect mix of apartments designed for long-term or short-term rental. The plan includes 14 units across two buildings, with 10 of them being grand three-bedroom apartments, along with two two-bedroom and two one-bedroom flats. Specifically structured to suit both families and couples alike, this design maximizes market reach. The project is strategically located just a short drive from two beautiful beaches, 5 minutes away from the quaint town centre, as well as close to top golf courses and restaurants. Its plot spans an impressive 4,690 m², with construction capabilities hitting 2,000 m². Prospective rental earnings are expected to be solid given the location's thriving tourism sector. As the project is awaiting final approval, it's an opportune moment for savvy investors to take action. The suite of amenities includes underground parking for residents and a communal area for entertainment. The flexibility to adapt the project plan also offers the opportunity for further enhancement. Seize the chance to invest in a thriving community in the Algarve. Contact us today to discover the potential of this exceptional property.
• 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
