Construction companies can find approved multi-unit development land with panoramic and countryside views in Lagos, in the western Algarve. The opportunity comprises seven residential plots, with six currently available for purchase. Each plot is approved for a block of 9, 12 or 15 apartments, depending on the chosen unit sizes. The asking price shown is €900,000. The planned apartments may be configured as one-, two- or three-bedroom homes. Developers can also consider incorporating swimming pools and parking spaces into the scheme. Individual plots measure approximately 1,169m² to 1,662m². The total construction area varies from around 900m² to 1,200m² per plot. The combined area of the full group is approximately 12,189m². This scale offers scope for a phased or multi-block development strategy, subject to the relevant approvals and feasibility assessment. Mains utilities are available. Tarmac access supports practical entry to the site. Lagos Marina is close to the plots and offers a popular waterfront setting. Meia Praia and the nearest beach are approximately 2.6km away. Lagos city centre is also around 2.6km from the development. Nearby restaurants, shops and schools can enhance the appeal of the completed apartments. Palmares golf course is approximately 6km away for residents and visitors seeking leisure amenities. Faro Airport is about 87.5km away, supporting international sales and holiday rental demand. The proposed mix of apartment sizes gives construction companies flexibility to target different buyer and tenant groups. Investment potential may include apartment sales, holiday rentals or long-term lettings, although financial performance will depend on the final specification and market conditions. Contact us now for the available documentation, pricing details and a site visit.
● 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
