In the Algarve, particularly in Lagos, a significant investment opportunity has arisen with plots that include planning permission for development. The coastal plot in question spans 40,396 square metres and comes with approved plans for a building that's approximately 244 square metres. Being located just 64 metres from the beach and near local amenities, this property is perfect for buyers looking to create a luxurious residence or a strong rental property. The picturesque views of the ocean enhance the appeal of this investment, making it highly sought after in a region known for its beauty and tourism. Potential rental income is promising, especially being close to popular attractions like Boavista Golf Course and the vibrant historic town centre. With a current market price of €4,000,000, this plot offers both versatility and return on investment prospects. The option to purchase as two separate plots further increases flexibility for potential developers. So if you're exploring investment opportunities in one of Portugal's most inviting regions, this property stands out. To learn more about opportunities in this area, reach out to us today!
• Plot of 40.396m²
• Permission for a building of approx. 244m²
• 109m² outbuilding with permission for 111m²
• Walking distance to two fantastic beaches and the historic city centre
• Distance to the beach 64m
This large plot is located between the picturesque Praia Dona Ana beach and the idyllic cove of Camilo. With magnificent views over Meia Praia beach opposite and all the way to Alvor, it is within walking distance of the historic town of Lagos.
The land can purchased as one, or as two separate plots, each with a ruin and approved project.
House 1 is €2,000,000, construction area in approved project approx. 244m²
House 2 is €1,000,000, construction area in approved project approx.111m²
This is a unique opportunity to own a dream property in a stunning location.
For further information please contact us.
Location
• Distance to the sea 0km
• Distance to the beach 64m
• Distance to Boavista Golf Course 3km
• Distance to Faro Airport 90km
• Distance to city centre/ old town of Lagos 1m
• Distance to the nearest school 1,5km
