Ferragudo, Algarve, Portugal

This prime plot of land, located in the heart of the charming village of Ferragudo, offers a rare opportunity to own a piece of one of the Algarve's most sought-after locations. Situated in a privileged tourist area, this land provides easy access to local amenities and is only a short drive from Ferragudo's tranquil beaches, known for their stunning beauty and peaceful atmosphere.

The plot is positioned close to essential services, including supermarkets, cafés, restaurants, and shops, making it ideal for those seeking both convenience and charm. Whether you are looking to build a permanent residence, a vacation home, or a long-term rental property, this location is perfect for maximizing investment potential.

With a large buildable area and a quality project already in place, this land offers endless possibilities. The proposed project involves the construction of a multi-family residential building, designed with four separate sections. These sections include three one-bedroom apartments, a storage room, and two terraces, providing ample space and versatility.

Although the original building permit has expired, it is possible to restart the approval process, making this an excellent investment opportunity for those with vision.

Project Overview:

* Apartment 1: A cozy studio located on the ground floor, featuring an open-plan living and kitchen area, a bathroom, and a lower-level bedroom (basement). (pink)

* Apartment 2: A charming one-bedroom apartment on the ground floor with an open-plan living and kitchen area, a bathroom, and a bedroom. (blue)

* Apartment 3: Another one-bedroom apartment, located on the first floor with a private entrance via an external staircase. This unit includes an open-plan living area, a bathroom, a bedroom, and a terrace with a barbecue area, perfect for outdoor dining and relaxation. (yellow)

* Roof Terrace: The spacious rooftop terrace offers the potential to create a lounge area, ideal for sunbathing or entertaining. With over 300 days of sunshine a year in the Algarve, this space will be an inviting retreat.

* Storage Room: The building also includes a storage room, accessible from the street at the lower level (basement), offering additional practicality.

Location Highlights:

* Ferragudo Village Centre: Just a minute's walk to the picturesque Ferragudo square.

* Beaches: Only 5 minutes to the nearest beaches.

* Local Amenities: Supermarkets, restaurants, cafés, and shops are all within walking distance.

* Transportation: 45 minutes from Faro Airport, with excellent road access to the A22 motorway (8 km) and National Road 125 (4.5 km).

* International School: The prestigious Escola Internacional do Algarve is less than 8 km away.

* Security: Portugal is known for being one of the safest countries in the world.

Development Potential:

* Land Area: 80 m²

* Buildable Area: 198 m²

* Urban Land: Certified for residential use, suitable for both single-family homes and other types of developments.

* Three Buildable Floors: The project allows for the construction of three levels, offering flexibility and ample space for customization.

This is an exceptional chance to invest in a premium location within Ferragudo, combining the charm of a traditional village with the benefits of modern living. Whether for personal use or rental potential, this project is an investment that promises both lifestyle and profit.

Don't miss out - contact Fado Real Estate today to schedule a viewing!