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Which plots of land for sale in Lagos are suitable for a multi-apartment investment project?

Plot in Lagos

ref. LW2379
772.628£
  • NA
  • 1.169m2
  • Building Plot

The six remaining approved plots in this Lagos land-for-sale opportunity are suitable for a multi-apartment investment project. Each plot allows for a block of 9, 12 or 15 apartments, according to the selected one-, two- or three-bedroom layouts. The asking price shown for a plot is €900,000, offering developers a clearly defined starting point for assessing acquisition costs. These building plots are located in Sitio da Fonte Coberta, Cerca da Forca, Lagos. Individual construction areas are approximately 900 to 1,200 square metres. Plot sizes vary from 1,169 to 1,662 square metres. Across the full collection, the seven lots cover 12,189 square metres. The development concept can incorporate swimming pools and parking spaces. Such facilities may improve the marketability of the completed apartments to residents and holiday-home buyers. Lagos Marina is close enough to form part of the everyday lifestyle appeal. The nearest beach is approximately 2.6 kilometres away. Lagos town centre is also approximately 2.6 kilometres from the plots. Shops, restaurants and schools are located nearby for practical convenience. The area combines coastal living with access to established town amenities. A tarmac road provides access to the site. Mains utilities are available for the development. Panoramic and countryside views provide an additional selling point for future homes. Palmares golf course is approximately 6 kilometres away, broadening the potential appeal to golf-oriented buyers and visitors. The completed apartments could offer rental potential, although projected returns will depend on design, operating costs, market conditions and applicable regulations. Contact us to review the plot documentation and explore this Lagos investment opportunity.

Usage
Residential
Type
Plot
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Usable area
900 m²
Plot Area
1.169 m²
Tarmac
Panoramic View, Countryside View
Building Plots
● 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
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