The budget to acquire this 3,130m² business site near Praia da Luz is €490,000 for the plot. The price does not include construction of the planned commercial building. The site offers a project size of up to 469.5m² for a single-storey development. Buyers should therefore allow additional funds for design, planning, construction, connections, professional services and applicable taxes. The land is suitable for a restaurant, office, shop, warehouse or other commercial service, subject to approval. Praia da Luz is approximately 1.6km away. Lagos is around 5.4km from the property. The site is close to an urbanisation and a large holiday resort. Another resort lies a few kilometres away, supporting the location’s commercial appeal. Beach and sea access are approximately 4.7km from the plot. The nearest golf course is about 4.3km away. A school is approximately 4.6km from the site. Faro Airport can be reached at a distance of around 90.7km. Easy access is provided via tarmac and country road routes. The countryside view may enhance the setting of a carefully designed business premises. Investors can tailor the project to a selected customer base and operating model. A completed property could potentially be used by the owner or offered for commercial letting. Rental and resale prospects will depend on the final design, permissions, demand and overall investment costs. The plot’s proximity to holiday accommodation may help support seasonal trade. A full feasibility study should confirm the total acquisition and development budget before purchase. Contact us to obtain further information and arrange a viewing of this commercial site near Praia da Luz.
• Plot Size: 3,130m²
• Project size 469,5m² (If single storey)
• Plot Suitable for Commercial Services eg Restaurant/Office/Shop/Warehouse
• The price includes the plot only, not the construction of the building
• Close to Urbanisation
• Easy Access
• Distance to Beach 4.7km
This plot sits in a great location on the outskirts of Luz and Lagos, with upmarket urbanisation and large busy holiday resort bordering the land with another resort a few km away.
The new buyer can decide to build any commercial/services property of up to 469m². It has good access and sits in a prime position for passing trade. This would make a great investment.
Amenities
• Easy access to Lagos
• Close to Tourist/Family Resort and urbanisations
Location
• Distance to Sea – 4.7km
• Distance to Beach – 4.7km
• Distance to Nearest Golf – 4.3km
• Distance from Airport – 90.7km
• Distance to Nearest School – 4.6km
• Distance to Nearest Town – 1.6km (Luz ) ( Lagos 5.4km)
