Land investments for apartment construction are for sale near Meia Praia beach in Lagos, with six approved plots remaining from the original seven. The asking price shown for the opportunity is €900,000. Each plot can accommodate approximately 9, 12 or 15 one-, two- or three-bedroom apartments, depending on apartment size. Located in the Algarve, the site combines development potential with proximity to one of Lagos’s well-known coastal destinations. The plots are situated in Sitio da Fonte Coberta, Cerca da Forca, Lagos. Plot sizes range from 1,169 m² to 1,662 m². The anticipated construction area per lot is approximately 900 m² to 1,200 m². Across the full group, the total land area is 12,189 m². Proposed apartments may include access to a swimming pool. Parking spaces can also form part of the completed scheme. Panoramic and countryside views may help differentiate the finished homes in the local market. Meia Praia beach is approximately 2.6 kilometres from the development. Lagos Marina and Lagos city centre are both around 2.6 kilometres away. Restaurants, shops, schools and everyday services are located close to the site. The nearest school is approximately 2.1 kilometres away. Palmares golf course is about 6 kilometres from the plots. Faro Airport is approximately 87.5 kilometres away, supporting access for international owners and visitors. Mains utilities are available, while tarmac access provides a practical connection to the site. The location may suit a mixed strategy involving apartment sales, long-term rentals or seasonal accommodation, subject to all relevant approvals and market research. Its coastal setting and nearby amenities could support attractive future demand, although investors should calculate costs and returns with independent professional advice. Contact us today to review the development documents and arrange a site visit near Meia Praia.
● 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
