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What is the cost of residential plots for constructing apartments in Lagos?

Plot in Lagos

ref. LW2379
785.588£
  • NA
  • 1.169m2
  • Building Plot

The residential plots for constructing apartments in Lagos are available for €900,000. This competitive pricing grants you access to prime real estate, approved for building 9 to 15 apartments per plot, depending on your chosen design. The total area for all plots is approximately 12,189m², allowing ample space for future developments. Each plot’s size ranges from 1169 to 1662m², giving flexibility in construction plans, from 1-bedroom units to larger 3-bedroom apartments. The investment potential is remarkable, given the location 2.6km from Meia Praia beach and Lagos city centre, making it attractive for both buyers and renters. The inclusion of swimming pools in potential designs adds another draw for tenants, boosting rental opportunities. With such proximity to amenities like schools, shops, and restaurants, the future residents of these apartments will enjoy a vibrant lifestyle. Additionally, the overall investment could see excellent returns due to the growing demand in the area. Seize this opportunity to invest in a buoyant market and enjoy the benefits of building in a sought-after location. Contact us for more information on this lucrative offer!

Usage
Residential
Type
Plot
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Usable area
900 m²
Plot Area
1.169 m²
Tarmac
Panoramic View, Countryside View
Building Plots
● 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
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