€3,090,000

Land with approved project for rural tourism development in Ferragudo
Excellent investment opportunity in the municipality of Lagoa, in a privileged location in Ferragudo, in the Algarve. The property consists of a large plot of about 15,620 m², inserted in a quiet area surrounded by nature, but with easy access to the beaches, golf courses, restaurants and main roads in the region.

The land has an approved project for the construction of a tourism unit in rural areas, allowing it to move forward with the development of a tourist development with approximately 48 rooms, spread over two floors.

The project also includes about 2,000 m² of above-ground construction area, complemented by approximately 806 m² for the basement, where parking spaces, technical areas and support areas for the operation of the development can be integrated.

The design of the project seeks to take advantage of the natural characteristics of the place, privileging the integration of the future development into the landscape and providing guests with an environment of tranquillity, privacy and contact with nature.

The location is another of its main strengths. Ferragudo is close to some of the most popular beaches in the Algarve and benefits from the proximity to Portimão, Lagoa, restaurants, shops, services and tourist facilities. Faro International Airport is also within easy reach.

This is an especially interesting opportunity for investors looking to develop an already approved tourism project, reducing the complexity associated with the licensing phase and allowing the investment to be concentrated on the implementation of the project.

Due to the size of the land, location and existing project, the property has potential for different investment strategies, from the direct exploitation of the tourist unit to the creation of a partnership with a specialised operator or future marketing of the development.

Main features:
Land with approximately 15,620 m²
Project approved
Expected 48 rooms
About 2,000 m² of above-ground construction
Around 806 m² of basement
Location in Ferragudo, Lagoa
Proximity to beaches, golf, restaurants and services
Quiet area with strong tourist attractiveness

Excellent potential for the development of a rural tourism enterprise
An opportunity to invest in one of the areas with the greatest tourist demand in the Algarve, with a project already approved and prepared to move on to the next phase.
Energy Rating: Exempt
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