€16.250.000
Confirmation
Large-scale residential project in the Algarve
Lagos, Portugal
97%
Land
#13849
Value-Add, Opportunistic
28 Feb 2024
Property Details
Broker
For sale
35,325 m²
Freehold
Residential
51,120 m²
397 apartments divided in 16 plots
49.520 m2 for residential and 1.600 m2 for retail
X
Fees
Investment Overview
Opportunity to develop a large-scale residential project in the Algarve. The property is in Lagos, one of the major cities of the western Algarve. The asset has an approved PIP for the allotment plan, which grants the construction of 49.520 sqm for residential and 1.600 sqm for retail. The asset has an approved PIP for the allotment plan, which grants the construction of 49.520 sqm for residential and 1.600 sqm for retail. The project foresees the construction of 397 apartments divided in 16 plots. Faro airport - 87 Kms – 1 hour driving. Beach - 2,5kms – 5 minutes by car. The Seller is accepting Offers for the Property. Potential investors are invited to submit Non-Binding Offers (“NBO”).
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