The advertised price for these development plots near Lagos Marina is €900,000. Six plots are currently available, with each approved for approximately 9 to 15 apartments depending on the chosen apartment sizes. This gives developers the opportunity to create one-, two- or three-bedroom homes within a planned residential project. The plots are located in Lagos, Algarve, close to Lagos Marina, Meia Praia beach and the town centre. The development land is suitable for an experienced property developer or construction company. Individual lots measure between 1,169 m² and 1,662 m². Permitted construction areas range from approximately 900 m² to 1,200 m² per lot. The total area across the original seven plots is 12,189 m². Swimming pools can be incorporated into the apartment blocks. Parking spaces can also be included within the development concept. Panoramic and countryside views provide an attractive setting for future residents. Lagos Marina is within walking distance, supporting the appeal of the completed apartments. Meia Praia beach is approximately 2.6 kilometres away. Lagos city centre is situated at a similar distance of approximately 2.6 kilometres. Nearby shops, restaurants, schools and beaches can strengthen both residential and holiday rental demand. Palmares golf course is around 6 kilometres away for an additional lifestyle amenity. Faro Airport can be reached at approximately 87.5 kilometres. Mains utilities and tarmac access help support the practical requirements of a construction project. The potential sales or rental strategy could include a range of apartment sizes for different buyer groups, subject to detailed financial modelling. Prospective purchasers should confirm planning conditions, construction costs and achievable ROI independently before committing. Contact us for the current availability, documentation and a viewing of these Lagos development 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
