Property For Investment, In Excellent Location Lagos

Stuated in an excellent, much sought after area, this property is only a 5 minute drive from the center of Lagos and all it’s amenities, the Lagos Marina and some of the most beautiful beaches of the Algarve. With a total area of 34.640 m2, the property is inserted in the urban perimeter of the city of Lagos, with the possibility of being urbanized. It can be divided into 5 plots with the possibiliy of building approx. 112 units with a total construction area of 16.929m2 and implantation area of 8.884m2.

Currently the land has an urban area of 235m2 with a traditional single story house of 81, 50m2 with 6 rooms (living/dining room, kitchen, 4 bedrooms and 1 bathroom) and a variety of trees such as fig trees & almond trees.

Ideal investment for construction of residential units.

About Lagos:

Lagos is historically associated with the Portuguese Discoveries and is today one of the Algarve’s most attractive tourist centers, with exceptional beaches, cultural and religious heritage, as well as a dynamic nightlife. The historic center is almost entirely traffic-free, offering a wide range of shops and cultural establishments, restaurants, bars and cafés.
Today, Lagos’ greatest attraction lies in the abundance and beauty of its beaches. You can choose between the long stretches of sand dunes of Meia Praia or smaller, sheltered beaches such as Praia do Camilo or Praia Dona Ana.

Faro International Airport is only an hour away via the A22 motorway.

REF: U477