The investment opportunity for constructing luxury apartments in the Algarve includes seven plots of land located in Lagos, specifically designated for residential development. Each plot is priced at €900,000 and comes with the approval to build between 9 and 15 apartments, depending on the size. Offering a total area of up to 12,189 m², this land is strategically located just 2.6 km from the stunning Meia Praia beach, making it highly desirable. The plots can accommodate versatile designs, including 1-, 2-, or 3-bedroom luxury apartments, with the option for swimming pools and parking included. With the area's rich offering of amenities like shops, schools, and restaurants nearby, the potential for lucrative rentals here is significant. As the Algarve continues to attract both investors and tourists, these plots represent a profitable venture, especially for those looking to tap into the luxury market. Don't wait to seize this excellent opportunity; contact us to discuss further details!
● 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
