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How much do development plots for 9 to 15 apartments in Lagos cost?

Plot in Lagos

ref. LW2379
837.181CHF
  • NA
  • 1.169m2
  • Building Plot

Development plots approved for 9 to 15 apartments in Lagos are offered for sale at an asking price of €900,000. The available plots are designed for residential blocks containing 9, 12 or 15 apartments, depending on the final apartment sizes. This provides developers with a substantial investment opportunity close to Lagos Marina and Meia Praia. Apartment layouts may include one-, two- and three-bedroom homes. The plans can also incorporate swimming pools and parking spaces. Six of the seven plots are currently available. Plot sizes range from approximately 1,169m² to 1,662m². Construction areas are stated at approximately 900m² to 1,200m² per plot. The complete group of plots covers around 12,189m². Buyers should confirm the final purchase price, planning conditions and permitted scheme with the agent. The land is approved for building, which may help reduce early-stage planning uncertainty. Mains utilities are available on the site. Panoramic and countryside views can strengthen the appeal of the finished apartments. Lagos city centre is approximately 2.6km away. Meia Praia and the nearest beach are around 2.6km from the development. The marina area offers restaurants, cafés, shops and leisure facilities. A school is located approximately 2.1km away. Palmares golf course is about 6km from the plots. Faro Airport is approximately 87.5km away for convenient international access. The completed apartments may offer sales, holiday-let or long-term rental potential, although returns will depend on the final design, costs and market conditions. Contact us to obtain further project information and arrange a site inspection.

Usage
Residential
Type
Plot
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Usable area
900 m²
Plot Area
1.169 m²
Tarmac
Panoramic View, Countryside View
Building Plots
● Total construction areas of each lote from 900 - 1200m²
● Plot areas start from 1169 – 1662m²
● Total area of all lotes 12189m²
● 1-, 2- or 3-bedroom apartments
● Located in Lagos
● 2,6km to the nearest beach

There are now 6 out of 7 plots available. Each plot will allow for 9, 12 or 15 apartments (dependent upon size) with 1, 2 or 3 bedrooms. There can be the option of a swimming pool and parking spaces. Ideal investment opportunity for a developer/construction company.

These new constructions will be well sought-after, with the location being close to shops, schools, restaurants and beaches, which make this a great choice for business investment.

The blocks consist of:
• 1-, 2- or 3-bedroom apartments

External:
• Swimming Pool
• Parking spaces

Amenities

• Mains utilities

Location

• 2,6km from the Beach
• 2,6km from Lagos city centre
• 6km to nearest golf course (Palmares)
• 2,1km to nearest school
• 87,5km to Faro Airport
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