For a property developer seeking building plots for sale in Lagos, this approved six-plot opportunity offers capacity for 9 to 15 apartments on each lot. The advertised price is €900,000, and the plots are available for residential development. Apartment designs may comprise one, two or three bedrooms, allowing a developer to address several segments of the Lagos market. The land is located in Sitio da Fonte Coberta, Cerca da Forca, within Lagos, Algarve. Six plots remain available from the original seven. Each plot has an area of approximately 1,169 m² to 1,662 m². The estimated construction area ranges from 900 m² to 1,200 m² per lot. The overall land area of the seven-lot scheme is 12,189 m². Future blocks can be designed with swimming pools and parking spaces. Panoramic and countryside views add a strong visual feature to the development opportunity. Lagos Marina is within a short walk, which may appeal to residents and holiday visitors. Meia Praia beach is approximately 2.6 kilometres from the site. Lagos city centre is also approximately 2.6 kilometres away. Shops, restaurants, schools and beaches provide convenient amenities for future occupants. The nearest school is approximately 2.1 kilometres away. Palmares golf course is around 6 kilometres from the plots. Faro Airport is approximately 87.5 kilometres away for domestic and international travel. Mains utilities are available, and the site has tarmac access. A developer could consider selling completed apartments, retaining units for rental income or combining both approaches, subject to financial and planning assessments. The location’s tourism, lifestyle and residential attractions may support future demand, but projected ROI should be verified against acquisition, construction, finance and marketing costs. Contact us to obtain further information and schedule a viewing of this Lagos development land.
● 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
