The costs for building an apartment complex in Lagos, Algarve, will depend on various factors, including the size and specifications of your development. These 7 plots of land, available for a price of €900,000, are approved for building between 9 to 15 apartments on each. With construction area allowances varying significantly, you have flexibility in designing a project that meets both budget and demand.
Each plot provides ample space, ranging from 1169 to 1662 square meters, perfect for creating desirable 1, 2, or 3-bedroom apartments with potential swimming pools and parking. The location is prime, being just a short walk from renowned Meia Praia beach and the energetic Lagos Marina.
Building in such a popular tourist and residential area ensures potential high returns, either through rentals or property sales. The vibrant community nearby is filled with necessities and attractions, drawing interest year-round from both locals and tourists.
With ongoing interest in property development in Lagos, entering the market now could result in significant financial gain. Get in touch today for more detailed financing options to help kick-start your apartment complex development!
● 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
