Urban land - Ferragudo - Vale de Canada, Lagoa, for sale

Ferragudo – Vale de Canada Norte: 

This building plot with a total area of 15.620 m² and an already approved project for a Rural Tourism Hotel (TER) is located in a sought-after area in Ferragudo, close to beaches and golf courses (the Ferragudo–Lagoa–Portimão corridor), major access routes and all essential amenities. Faro airport can be reached within 50 minutes.

This plot has viability and an approved project by Lagoa Municipal Council for the construction of a 48-bedroom two-storey (due to the already existing building on this plot) Rural Tourism Hotel (TER), with a built area of 2.000 m² above-ground floor and a built area of 806 m² of basement space (intended for car parking, technical areas and logistical support). It includes communal areas, a reception, support services, a swimming pool and green spaces and is designed to combine comfort, sustainability and the enhancement of the natural environment. It reflects authenticity and a connection with nature, blending the tranquillity of the countryside with the convenience of being close to the sea and urban centres. The architecture prioritises integration into the landscape and adaptation to the natural topography of the site, emphasising guests’ privacy and comfort.

This is an excellent investment opportunity in a plot of land with great potential for tourism development, in Ferragudo/ Lagoa, one of the most sought-after areas in the Algarve with a thriving tourism sector. The possible different investment models range from operating the property oneself, to partnerships with operators specialising in rural tourism, to development with a view to a subsequent sale to institutional investors.

As the project has already been approved, construction is ready to start! Price for the plot without building costs.

- REF: CANADA-S

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