The land for sale at Sítio da Fonte Coberta is suitable for a residential apartment investment near Lagos Marina. Six approved plots are available, and each can accommodate approximately 9, 12 or 15 apartments depending on the chosen unit sizes. The proposed homes may contain one, two or three bedrooms, giving developers a versatile product for the Lagos market. The plots are located in Lagos, Algarve, approximately 2.6km from Lagos Marina and the city centre. Meia Praia beach is also around 2.6km from the site. Individual plot areas start at approximately 1,169m² and extend to about 1,662m². Construction areas are indicated at approximately 900m² to 1,200m² per lot. Across the entire development, the land measures approximately 12,189m². Plans can include swimming pools and dedicated parking spaces. Panoramic and countryside views provide an appealing backdrop for future apartments. Tarmac access makes the plots practical for construction logistics and future residents. Shops and restaurants nearby can improve the convenience of both permanent and holiday occupation. Schools are approximately 2.1km away, broadening the appeal for families. Golf enthusiasts can reach Palmares golf course in about 6km. Faro Airport is approximately 87.5km from the development. Mains utilities are available on the property. A completed scheme could target owner-occupiers, second-home buyers, long-term tenants or seasonal visitors, subject to applicable regulations. The proximity to marina facilities and beaches may support strong demand, although rental performance and ROI cannot be guaranteed. Developers can use the approved scale to model construction budgets, exit values and potential rental income. Contact us to obtain the documentation and explore this residential investment opportunity in Lagos.
● 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
