Buying this commercial plot close to Lagos could give investors access to a strategic location near holiday resorts, urbanisations and beaches. The 3,130m² plot is for sale at €490,000, with the price covering the land only and not the building works. It offers an indicated development potential of up to 469.5m² for a single-storey commercial project, subject to approval. The location on the outskirts of Luz and Lagos may be well suited to a business that depends on local and visitor trade. Potential uses include a restaurant, office, shop or warehouse. A restaurant could benefit from nearby tourist accommodation and residential communities. An office or shop could serve people living and working in the surrounding urbanisations. A warehouse could provide a practical base for a commercial or service operator in the western Algarve. The bordering holiday resort adds a strong tourism-related element to the setting. Another resort lies a few kilometres away, widening the potential catchment area. Luz is approximately 1.6 kilometres from the plot. Lagos is approximately 5.4 kilometres away. The nearest beach and sea are around 4.7 kilometres from the site. Golf is available at an estimated distance of 4.3 kilometres. The nearest school is approximately 4.6 kilometres away. Access via tarmac and country road supports day-to-day commercial use. The countryside outlook may help create an appealing environment for an appropriately designed business. A location with passing-trade potential can be valuable for customer-facing operators, although visibility and access should be assessed in detail. Future rental or resale opportunities may be available once a permitted development is completed, but returns are not guaranteed. Buyers should obtain independent advice on planning, construction, finance and commercial demand. Contact us today to arrange a viewing and investigate this Algarve investment opportunity.
• 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)
