Property developers can invest in approved apartment development land near Meia Praia beach in Lagos, with the advertised opportunity priced at €900,000. Six plots remain available from the original seven-plot scheme. Each plot is approved for 9 to 15 apartments, depending on the size and configuration of the homes. The proposed apartments may contain one, two or three bedrooms. Development plans can also include swimming pools and dedicated parking spaces. Plot areas begin at approximately 1,169m² and extend to around 1,662m². Each lot provides an indicated construction area of approximately 900m² to 1,200m². The total area of the seven lots is 12,189m². This scale gives construction companies the option to acquire individual plots or evaluate a wider multi-plot strategy. The land sits in Lagos, one of the Algarve's established coastal destinations. Meia Praia beach is about 2.6 kilometres from the site. Lagos Marina and the city centre are also close to the proposed development. Shops, schools, restaurants and other everyday amenities are readily accessible. The nearest school is approximately 2.1 kilometres away. Palmares golf course is around 6 kilometres from the plots. Faro Airport is approximately 87.5 kilometres away. Mains utilities and tarmac access add practical value during the development process. Panoramic and countryside views could strengthen the market appeal of the completed apartments. The coastal setting may offer opportunities for property sales, long-term lets or holiday accommodation, subject to market research and licensing requirements. Buyers should complete their own feasibility assessment, including build costs, finance, taxes and projected returns. Contact us today to obtain the available documents and explore this Lagos development investment.
● 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
