Investing in approved apartment construction plots 2.6 km from Lagos city centre gives developers a clearly defined residential opportunity in the Algarve. The plots are listed for sale at €900,000, with six of the original seven lots still available. Each lot is approved for 9, 12 or 15 apartments, subject to the size of the proposed units. The permitted homes can be designed as one-, two- or three-bedroom apartments. Swimming pools and parking spaces are also possible within the development concept. Individual plots measure from approximately 1,169 m² to 1,662 m². Construction areas range from around 900 m² to 1,200 m² per lot. The full collection of plots extends across approximately 12,189 m². Lagos city centre is only about 2.6 km away, offering access to shops, restaurants and local services. The nearest beach is approximately 2.6 km from the site. Lagos Marina and Meia Praia beach provide additional lifestyle and leisure attractions nearby. This coastal setting may appeal to permanent residents, second-home buyers and holiday visitors. The nearest school is approximately 2.1 km away, which broadens the potential appeal to families. Palmares golf course is around 6 km from the development. Faro Airport is approximately 87.5 km away and supports international accessibility. Mains utilities are available for the proposed construction. Tarmac access makes the land easier to reach during both development and occupation. Panoramic and countryside views could help differentiate the completed apartment buildings. A developer may consider selling units individually, retaining them for long-term rental or creating a holiday accommodation portfolio, subject to all relevant permissions and regulations. Potential ROI and rental performance should be modelled against construction costs, finance, taxes, management expenses and market demand. The approved status and established Lagos location may help reduce planning uncertainty compared with entirely unapproved land, but purchasers must verify all documentation independently. Contact us now to review the development information and arrange a site inspection.
● 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
