Investing in this commercial plot close to Lagos, resorts and beaches provides the opportunity to acquire 3,130m² of development land for €490,000. The site can support a proposed single-storey commercial project of up to 469.5m², subject to planning and construction approvals. Its location near Luz and Lagos places a future business close to residents, visitors and resort activity. The plot is bordered by an upmarket urbanisation and a large busy holiday resort. Another resort is only a few kilometres away. This combination may offer a valuable customer base for a restaurant, office, shop, warehouse or other service business. The site also benefits from easy access and a position suited to passing trade. Praia da Luz is approximately 1.6km away. Lagos is about 5.4km from the land. The beach and sea are roughly 4.7km distant. A golf course can be reached in approximately 4.3km. The nearest school is around 4.6km away. A coastal Algarve location may help businesses serve both the permanent population and seasonal tourism market. Buyers can develop a purpose-built property rather than compromise with an existing commercial layout. The wider plot could potentially accommodate parking, landscaping, deliveries or outdoor customer areas, subject to the approved design. The purchase price covers the land only, so a detailed feasibility study should include construction, professional and licensing costs. Investors may consider owner-occupation, commercial letting or future resale as possible strategies. Rental income and capital appreciation are not guaranteed and will depend on the completed asset, market conditions and planning outcome. Careful due diligence should cover zoning, permitted use, access, services and projected operating demand. Contact us today to explore this Algarve commercial investment and arrange a viewing of the plot.
• Plot Size: 3,130m²
• Project size 469,5m² (If single storey)
• Plot Suitable for Commercial Services eg Restaurant/Office/Shop/Warehouse
• The price includes the plot only, not the construction of the building
• Close to Urbanisation
• Easy Access
• Distance to Beach 4.7km
This plot sits in a great location on the outskirts of Luz and Lagos, with upmarket urbanisation and large busy holiday resort bordering the land with another resort a few km away.
The new buyer can decide to build any commercial/services property of up to 469m². It has good access and sits in a prime position for passing trade. This would make a great investment.
Amenities
• Easy access to Lagos
• Close to Tourist/Family Resort and urbanisations
Location
• Distance to Sea – 4.7km
• Distance to Beach – 4.7km
• Distance to Nearest Golf – 4.3km
• Distance from Airport – 90.7km
• Distance to Nearest School – 4.6km
• Distance to Nearest Town – 1.6km (Luz ) ( Lagos 5.4km)
