Urban land - Ferragudo - Seixosas, Lagoa, for sale

Ferragudo – Estômbar – Lagoa – Sítio das Seixosas: 

This building plot with a total area of 4.690 m² and a project already approved for a rural tourism hotel (TER) – Casas de Campo “Santa Leonor” - offers a partial view of the Gramacho golf course and an unobstructed view of the surrounding countryside, with the Monchique Mountains providing the perfect backdrop. It is situated in a sought-after location in “Sítio das Seixosas” in Estombar, right between Carvoeiro and Ferragudo, close to beaches, golf courses and major access routes with all essential amenities. Faro Airport is a 50-minute drive away.

This plot has viability and a project approved by Lagoa Municipal Council for the construction of a two-storey rural tourism hotel (TER), with a built area of 2.000 m² above-ground floor and a built area of 853 m² in the basement (intended for car parking, technical areas and storage) comprising two two-storey buildings with a total of 15 accommodation units and 39 bedrooms altogether: 11 three-bedroom apartments, 2 two-bedroom apartments and 2 one-bedroom apartments, with the option to amend the plans and add further rooms. The development will include a reception area, a retail area, a swimming pool, a bar, laundry facilities, a leisure room, green spaces, as well as an underground car park for 10 vehicles with private storage rooms and outdoor parking spaces for 25 vehicles.

This is an excellent investment opportunity with a strong potential for high ROI for investors wishing to develop a unique tourist accommodation, that combines contemporary architecture, comfort and integration with the surrounding landscape in one of the Algarve’s most sought-after areas - in the rapidly growing corridor between Ferragudo, Lagoa and Portimão – with a thriving tourism sector. The various possible investment models range from operating the property oneself, through partnerships with operators specialising in rural tourism, to development with a view to a subsequent sale to institutional investors.

This project – a perfect blend of urban convenience and natural beauty – has already been approved, and all the necessary permits have been obtained. Construction is ready to start! Price for the plot excluding building costs.

- REF: SEIXOSAS

* The feature(s)/equipment(s) mentioned in this description are subject to verification and agreement between the vendors and buyers.