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What is the process for acquiring land for residential development in Lagos?

Plot in Lagos

ref. LW2379
900.000€
  • NA
  • 1.169m2
  • Building Plot

Acquiring land for residential development in Lagos involves a straightforward process, especially with the 7 approved plots currently available for €900,000. Interested buyers can start by reviewing the approved zoning plans, which allow developers to construct up to 15 apartments on each plot. The plots are strategically situated in an appealing location, just 2.6km from Meia Praia beach and Lagos city centre, offering an excellent opportunity for aspiring investors. Each plot offers substantial area sizes ranging from 1169 to 1662 square meters, providing enough space for modern apartments complete with desirable amenities like swimming pools and parking spaces. To secure these plots, potential buyers will need to arrange financing and submit relevant documentation for local authority approvals. A local real estate agent can provide necessary support throughout the acquisition process, ensuring compliance with local regulations. The potential return on investment is significant, given the area's booming tourism and rental market. This region is becoming increasingly popular, making it an ideal opportunity for developers. Reach out to us today to start your journey in acquiring prime residential land!

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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