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€ 6,100,000

Development Land in Lagos, Distrito de Faro

€ 6,100,000
22,680 m²

Description

We present an excellent investment opportunity in the fast-growing real estate market in the city of Lagos. It is a plot of land already parcelled into seven urban lots, located in the residential area of Fonte Coberta, with an approved project for the construction of flat buildings with typologies T2 and T3, all with underground parking.

This project, inserted in a planned urbanisation with partial views of the Marina de Lagos and the sea, offers a modern housing solution, with strong attractiveness for both the national and international markets.

General Characteristics of Urbanization

Total of 7 urban lots available for sale

Feasibility for the construction of housing blocks with 4 floors (2 above the threshold level, 1 below and basement)

Each plot allows you to build between 9 and 15 apartments

Authorized typologies: T2 and T3

Private basement parking included in each lot

Urbanization designed in an amphitheatre format, maximising the panoramic view of the city, the marina and the ocean

Example of Lot (reference):

Plot area: 1,171 m²

Implantation area: up to 965 m²

Gross construction area: up to 900 m² (excluding basements, garages, technical compartments and outdoor areas)

Distribution:

4 apartments T3

5 2 bedroom apartments

11 underground parking spaces

Strategic Location
Located in the Fonte Coberta area, this urbanisation benefits from an excellent residential location:

A few minutes from the historic centre of Lagos

Close to Marina de Lagos, shopping areas and schools

Walking distance to Dona Ana, Meia Praia and Porto de Mos beaches

Only 1 hour from Faro International Airport

Easy access to the A22 (Via do Infante) and the train network

Investment Potential
This project represents an attractive opportunity for property developers and investors, thanks to the high demand for housing in Lagos whether for permanent residence, second home or investment in tourist rental.

The central location, combined with the views and the construction potential already approved, guarantee a final product with high potential for appreciation and liquidity.

Contact Us
For more detailed information about each lot, available areas, urban parameters or to schedule a site visit, please contact our team.

Energy Rating: Exempt
(Excluded from the SCE under Article 4(f) of Decree-Law No. 118/2013)

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Details

External size:
22,680 m²
Size:
8,475 m²
Reference:
TER_838

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Position