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Why invest in 11,689m² of apartment development land near Meia Praia beach in Lagos?

Plot in Lagos

ref. LW2379
900.000€
  • NA
  • 1.169m2
  • Building Plot

Investors should note that the page data records the total area of all seven plots as approximately 12,189m², rather than 11,689m². This Lagos land is approved for apartment development and offers six plots currently available for purchase. Each plot can accommodate approximately 9, 12 or 15 apartments, subject to the size of the planned units. The proposed apartments may be designed with one, two or three bedrooms. Optional swimming pools and parking spaces can enhance the appeal of the completed scheme. Individual plot areas range from approximately 1,169m² to 1,662m². Construction areas are listed at approximately 900m² to 1,200m² for each lot. The development is positioned close to Meia Praia beach, which is approximately 2.6km away. Lagos Marina and Lagos city centre are also approximately 2.6km from the site. This location combines coastal lifestyle appeal with access to everyday urban services. Shops, restaurants and schools are nearby. Palmares golf course is approximately 6km away for leisure-focused residents and visitors. Faro Airport can be reached from the plots at a distance of about 87.5km. Panoramic and countryside views may contribute to attractive apartment designs. Tarmac access and mains utilities provide useful infrastructure for the project. The approved residential capacity can help a construction company plan phases, unit mixes and amenity provision. Future apartments could appeal to permanent residents, second-home owners and renters, subject to applicable licensing and planning requirements. The coastal location may create rental potential, but ROI will depend on the development budget, sales strategy and market performance. The listed price is €900,000 for this development opportunity. Contact us to request the documentation and assess this approved Lagos investment before the available plots are sold.

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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