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What is the investment potential of building apartments near Lagos Marina?

Plot in Lagos

ref. LW2379
778.927£
  • NA
  • 1.169m2
  • Building Plot

The investment potential for building apartments near Lagos Marina is exceptionally high, as these 7 plots are not only approved for development but are strategically located just a short walk from the marina and Meia Praia beach. With the possibility of constructing between 9 to 15 apartments on each plot, depending on size, buyers can consider various configurations, including one, two, or three-bedroom apartments. The demand for residential properties in this sought-after area is expected to result in strong rental yields and capital appreciation, making these plots an appealing prospect for developers seeking worthwhile returns.

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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