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Key information Make an enquiry

€ 1,375,000 £ 1,213,638 $ 1,639,621

Reference PPSS2917

Lagos, Western Algarve

Land

Built in: n/a

5,000m2 Plot size

€ 275 £ 242 $ 327 / m2 plot

Beautiful 5000sqm plot with planning for 5 luxury villas.

€ 1,375,000 £ 1,213,638 $ 1,639,621

-19% 

Date From To +/-

07-02-2019 € 1,700,000 € 1,375,000 -19%

Overall price change -19%

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Key information

Reference: PPSS2917

Land

Lagos, Western Algarve

Ownership Status: Private

Built in: n/a

5,000m2 Plot size

€ 275 £ 242 $ 327 / m2 plot

Rare opportunity to purchase a wonderful 5000 m2 parcel of land with approved planning permission for 5 luxury 2-storey villas with swimming pools. Each villa has around a 1000sqm plot with sea view and permission to build over a 300sqm footprint.

The land is in a very sought-after and peaceful location right in the heart of Praia da Luz,  just a short stroll into the centre of the village and the spectacular golden sands of Luz beach, 

Outstanding investment opportunity.

5 minutes into the historical city of Lagos and less than an hour to Faro airport.

About the area.

Praia da Luz ( "Beach of Light" ). Like most towns on the Algarve coast, it was originally a fisherman's village. Even though today it has grown into a popular seaside resort it still manages to retain a lot of its old-world charm and at the same time offering the holidaymaker golden sands, superb dining and first class facilities.
The bay is protected to the East by the famous Rocha Negra cliff, a product of the Monchique region's volcano lava flow from some 150 million years ago. To the West is the old 16th-century fort built to ward off pirates but now is a smart restaurant which has some spectacular views from its terraces.

Features

  • New development
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • Orientation: South facing
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near a golf course
  • Near the beach

Key information

Reference: PPSS2917

Land

Lagos, Western Algarve

Ownership Status: Private

Built in: n/a

5,000m2 Plot size

€ 275 £ 242 $ 327 / m2 plot

The location: Lagos, Western Algarve

Praia da Luz is another Algarve resort that has seen much development in recent years and it has become a firm favourite for several ex-patriot communities. It has retained its appeal and attractiveness by being held to a relatively low-rise landscape. A lot of the development has gone to the west of Praia da Luz, but it now boasts a wide selection of accommodation, with several hotels in the central hub of the village and many private holiday rentals.

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Want to know more about this property?

Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Paulo Torrao

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