A budget of €900,000 is indicated for a Lagos development plot approved for 9 to 15 apartments near the marina. The approved scheme allows one-, two- or three-bedroom apartments, with the final unit count depending on apartment sizes. Each individual plot can accommodate 9, 12 or 15 apartments in a residential block. Swimming pools and parking spaces are optional elements of the proposed development. Six of the original seven plots are still available. Plot sizes range from 1,169 to 1,662 m². The corresponding construction areas are approximately 900 to 1,200 m². The total area of all seven plots is approximately 12,189 m². The marina is within a short walk of the site, subject to the exact route and final access arrangements. Meia Praia beach and Lagos city centre are each around 2.6 km away. This position gives future residents access to coastal leisure, town amenities and marina facilities. Shops, restaurants and schools are located nearby. The closest school is approximately 2.1 km away. Palmares golf course is about 6 km from the land. Faro Airport is approximately 87.5 km away for international connections. Panoramic and countryside views add visual appeal to the development setting. The site benefits from tarmac access and mains utilities. Developers may consider selling the completed apartments, creating a holiday rental scheme or retaining units for longer-term income. The potential return on investment will depend on land and construction costs, finance, sale prices, occupancy and the final planning solution. Buyers should also allow for professional fees, taxes, infrastructure, construction and marketing when preparing the complete project budget. Contact us to obtain further documents and assess whether this approved Lagos development site suits your investment plans.
● 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
