Lagos Algarve (Off Market)

For Sale, EUR 8,000,000


, Lagos Algarve,

Property Type : Vacant Land

Property Style : N/A

Build Size : 128,531 ft² / 11,941 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

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
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Lagos Algarve, Portugal,Lagos is a 128,531ft² Lagos luxury Vacant Land listed for sale EUR 8,000,000. This high end Lagos Vacant Land is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Lagos or search for luxury properties for sale in Lagos.