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Algarve, Lagos, Portugal

€1,200,000
Abacoz Algarve Properties, Lagos
PROPERTY TYPE

Land

SIZE

57,156 sq ft

5,310 sq m

Key features

  • Bedrooms: 0

Description

Superb investment opportunity to acquire 5.310m2 of land in a much sought after area of Praia da Luz, close to all amenities and the beach. Permission has recently been granted for the plot to be divided into 5 plots, each with a building permission for an individual luxury 4 bedroom villa with pool. Each villa can be perfectly positioned to enjoy great ocean views. The prognosis is that these villas will sell between 1.2 and 1.6 million euros per villa. Due to the shortage of availability of land to develop in Praia da Luz is this a great opportunity for a dynamic investor! So don't delay and grab this opportunity while you can!

Additional Info:
The total land area - 5.310m2
Total construction area - 1.062m2

With mains drains, water, electricity and phone connections all close by, this fantastic development opportunity has the following pre approved characteristic:

Plot 1 - total plot size 1.250m2 villa construction size of 250m2, 2 floors + basement*
Plot 2 - total plot size 1.143m2 villa construction size of 229m2, 2 floors + basement*
Plot 3 - total plot size 1.020m2 villa construction size of 204m2, 2 floors + basement*
Plot 4 - total plot size 985m2 villa construction size of 197m2, 2 floors + basement*
Plot 5 - total plot size 912m2 villa construction size of 182m2, 2 floors + basement*

* Please note that the total allowable and above-mentioned building area does not include the basement.
These are extra m2 that can be added to the permitted construction presented.
#ref:AB0163

Algarve, Lagos, Portugal

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    42.9 miles
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About the agent

Abacoz Algarve Properties, Lagos

Marina de Lagos Nucleo Gil Eanes LJ 18/19 8600-780 Lagos Portugal

Abacoz Algarve Properties, Lagos

ABACOZ ALGARVE PROPERTIES

About us:

Welcome to Abacoz Algarve Properties.

What ever your budget, and whatever you requirements, our team is devoted to finding the best properties for you. Negotiating price and conditions is an ART. By choosing us as your real estate agent you can be sure that you will buy or sell your property in a responsible way!

Our mission is to help you, to make sure everything goes as planned and to avoid nasty surprises! In addition we are alway

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Notes

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This is a property advertisement provided and maintained by Abacoz Algarve Properties, Lagos (reference 116938_18855236) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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