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PT
Lagos
Algarve
Algarve
W9° 19' 37.1''
N37° 6' 10''
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Portugal Property
3058737
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

Address Withheld

Lagos, Algarve, Portugal

  • Lot Area: 0.69 Acre
€8,000,000
Listing ID#75957
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Basic Details
Property Type : Land
Listing Type : Active
Listing ID : 75957
Ref ID : 309320479
Price : €8,000,000
Lot Area : 0.69 Acre
MLS : 171064
Office ID : PT801-001
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