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Land - 30,080 m² - Approved Construction Project - Urban Lagos

€ 6,500,000 £ 5,588,255 $ 6,944,192

18%

Date From To +/-

07-02-2022 € 5,500,000 € 5,800,000 5%

18-05-2022 € 5,800,000 € 6,500,000 12%

Overall price change 18%

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Key information

Reference: PP4092

Land

Lagos, Western Algarve

Ownership Status: Private

Built in: n/a

11,941m² Build size

€ 544 £ 467 $ 581 / m² build

30,080m² Plot size

€ 216 £ 185 $ 230 / m² plot

Allotment and construction project approved by the Municipality of Lagos, on a 30,080 m2 plot.

Includes a Construction Permit paid and valid for 2 years, starting later this year and extendable for a further year. The license allows the construction of up to 26 lots, with 63 dwellings totalling 11,941 m2.

The land is for sale in its original state, with a cost for allotment and infrastructure creation in the order of 1M € under the buyer's responsibility. It is expected that this investment will have a cost before the housing construction of around 6.5 M € (5.5 M € for the land + 1 M € making good the allotment).

The urbanisation that will emerge will be served by the first bike path, built from scratch, to connect Porto de Mós to Boavista Golf Resort. Brief description - the urbanisation will be located on one of the valley slopes of the river that flows into Porto de Mós, with unique and exclusive access, facing south/southeast. There will be single-family houses around the perimeter and apartments in the centre with a swimming pool.
The maximum height of the facades is 7,5 metres, underground garages, allowing the construction of 2 floors above the ground.

In summary, there will be:

* 17 single-family 4 bedroom townhouses with a construction area of 200 m2

* 8 single-family 5 bedroom detached houses with up to 350 m2 of build area.

* 39 2 bedroom apartments in the centre of the project built under the Horizontal Property Regime

Features

New development
Near bars / restaurants
Near school(s)
Near shops
Near a golf course
Near the beach

Energy rating

A+
A
B
B-
C
D
E
F
G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP4092

Land

Lagos, Western Algarve

Ownership Status: Private

Built in: n/a

11,941m² Build size

€ 544 £ 467 $ 581 / m² build

30,080m² Plot size

€ 216 £ 185 $ 230 / m² plot

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Lagos, Western Algarve

Portugal's least developed region, the wild Western Algarve, surrenders to the power of the Atlantic: it is all about nature, about surfing and the sea, about bird watching or spotting dolphins or walking cliff-top paths from one deserted sandy cove to another.

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It is home of one of the wider nationally protected nature reserves (Sudoeste Alentejano e Costa Vicentina), pristine beaches, wild coastlines, jagged walking cliff-top paths and Europe’s southwestern most point, Cabo de São Vicente (Cape St Vincent), nicknamed the 'End of the World' by ancient mariners, because of its 200ft high cliffs and shelf-like peninsulas.

Prince and explorer Henry the Navigator, established a school of navigation here, near Sagres, where he brought in mariners, astronomers, cartographers and sailors, to build and navigate ships during the 15th century. This is from where he set off his expeditions and that was when trade between Africa and Portugal brought a great deal of wealth into this region, mainly to its most important city: Lagos.

Lagos is a fantastic town, full of historical interest, with it's origins dating as far back as 2000 years BC, when it was known as Lacobriga and was one of the most important trade harbours for the Roman empire. Lagos has always had a seafaring connection, originally visited by Phoenicians and Carthaginians.

More recently, it has become a respected holiday destination, as it offers visitors glorious beaches like Meia Praia or Porto de Mós, buzzing nightlife and a charming historic centre that has retained its unique character, relaxing spas, coastal activities, and access to nature preserves.

For the intrepid tourist, Lagos can be used as a base from which to explore the entire western Algarve, mainly from it's unique and modern Marina, with a berthing capacity of 462 pontoons, for yachts up to 30 m, located on the Bay of Lagos, with the privilege of being right in the heart of the Discoveries’ home town and with access by a well protected harbour entrance.

Lagos is also home of the Dona Ana beach, elected by TripAdvisor has "The best beach in Portugal”, it is certainly regarded as the most picturesque of all the Algarve region. This small beach is surrounded by steep colourful strata cliffs, while the golden sands are lapped by the crystal clear waters - simply put, it is stunning.

Most of the coast is linked by a craggy coast path and you can easily walk between the villages. Salema to Luz, or Luz to Lagos, in particular, are beautiful routes.

Whichever part of the Algarve you choose, you will find friendly, welcoming people, excellent local wines – at superb prices – and delicious food, from the freshest of daily caught fish, to regional cured hams, packed with flavour and home made pastries.

The western coast of the Algarve is the perfect wild retreat for those looking to escape from it all.

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,
Liam Gould

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