Considering a rural tourism project with underground parking in Ferragudo presents an excellent investment opportunity for multiple reasons. This property is designed for modern living solutions, featuring a total of 14 rental apartments spread over two buildings, with a distinctive focus on amenities such as underground parking for convenience. The unique architectural design includes 10 spacious three-bedroom apartments, making it perfect for families seeking holiday accommodation in a tranquil environment. Situated just 2.4 km from the beautiful local beaches and nestled within the charming fishing town, it offers both retreat and accessibility to local attractions. The plot itself provides a generous area of 4,690 m², allowing for several outdoor recreational spaces and further development options. Additionally, the appeal of underground parking adds notable convenience for both residents and tourists, addressing a common concern in busy tourist areas. The potential for rental income is elevated due to the increasing demand for properties in Ferragudo. As the project awaits final approval, early investors can enjoy the benefits of being ahead in this competitive market. Now is the time to secure your stake in a bright future for tourism in the Algarve. Reach out to us today to learn more about this exciting 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
