APP Real Estate
For sale

📍 Falfeira, Lagos, Algarve, Portugal

Land Plot for Sale in Lagos - Algarve - Portugal

€7,200,000

Overview
  • Price: €7,200,000
Description

Magnificent plot just 900m from the Lagos marina, an excellent investment opportunity! Plot covered by the Lagos urban development plan, with an urban development project with PIP (outline planning approval) already approved, located in the area surrounding the city's future urban park. Facing south, it offers open views over the city, the marina and the sea.

The already approved project provides for 5 lots intended for multi-family residential buildings with 4 floors + basement for parking, complying with the conditions of the urban development plan under articles 73º and 75º (building index: 0,9; occupancy index 0,5), FOR A TOTAL OF 112 DWELLINGS.

SUMMARY:

Total plot area:

34.640m2

Area to be developed (SUP):

18.810m2

Footprint area:

8,885m2

Total construction area:

16.929m2

No. of dwellings:

112

Area to be ceded:

22.384,81m2 (for the creation of green areas, streets, public facilities and pavements)

NATURE AND CONDITIONS OF THE PLOT In terms of its morphology, the plot has a slight slope, around 8% in a north - south direction, up to half of its length, and is practically flat in its lower part. It enjoys open views over the landscape, which makes it possible to explore the interplay of views and the contrast between social spaces and private spaces. The plot has no vegetation cover of any relevance, and in the surroundings the morphology of the built environment shows no distinctive elements worth retaining. Be part of the future of Lagos.

Invest in a high-return project

FEATURES:

Orientation - East; North; Northwest; Northeast; South; Southeast; Southwest; West; Views - Sea view; Countryside view;

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