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Why invest in plots of land in Lagos for building new apartments?

Plot in Lagos

ref. LW2379
778.400£
  • NA
  • 1.169m2
  • Building Plot

Investing in plots of land in Lagos for building new apartments is a strategic decision, especially with these 7 plots now available for €900,000. These plots are uniquely positioned close to Lagos Marina and Meia Praia beach, which enhances their attractiveness for residential developers. Each plot allows for the construction of between 9 to 15 residential units, catering to the increasing demand for versatile living spaces in this highly sought-after area. With total plot areas ranging from 1169m² to 1662m², there's plenty of opportunity to design stunning apartments that could include amenities like swimming pools and ample parking. Given the rapid growth in the local property market, this investment has great potential for high returns. The proximity to local conveniences—shops, restaurants, schools, and leisure activities—provides future residents with an appealing lifestyle. Additionally, with the surge in popularity of Lagos among expats and holidaymakers alike, demand for quality accommodation continues to rise. By investing in these plots, developers can grab a prime opportunity for residential development in a vibrant community. This area’s unique offerings make it a solid choice for recognising significant returns on investment. Don't miss your chance to become part of this thriving market. Contact us today to learn more and set up viewings!

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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