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INVESTMENT - FARM WITH CONSTRUCTION POTENTIAL

Land, Buy | Portugal, Algarve, Lagos, Luz
Asking price-Icon
1,650,000 EUR
Approx. 2,003,595 USD
Asking price
Lot Size-Icon
5.06 ac
Lot Size
Asking price-Icon
1,650,000 EUR
Approx. 2,003,595 USD
Asking price

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What you should know about this plot of land


Special features of this plot of land

Property with about 2 ha, with possibility of construction located in one of the main entrances of Praia da Luz, next to the EM537.

This land is currently undergoing an allotment project under approval and licensing and foresees its conversion into three cores of different characteristics.

- First we have a low density urban space with an area of ​​2,579m2 for the construction of 5, 3 bedroom townhouses with swimming pool.

- Another independent space located in the west part of the land, is classified as special use space for touristic purposes, with an area of ​​1,610m2 for the construction of a hotel establishment with tourist apartments in a total of 16 T1 units.

- The remaining land that should be the object of an autonomous urban operation, absorbs the remaining area of ​​about 1.6ha and taking advantage of the existing buildings and plantations can be converted into a magnificent farm with great privacy and wide views.


Luz: Location and surroundings of this plot

Luz is situated on the western side of the Algarve, only 10 minutes drive to the historic city of Lagos, and is blessed with both beautiful beach and wonderful weather.
Praia da Luz is a charming and peaceful town that is a perfect holiday destination for those visitors seeking a relaxing stay in a low key and traditional resort. Luz has expanded responsibly into a popular holiday destination and the growth of tourism has not reduced from the character of the pretty town.
Praia da Luz is a great destination for families with children, in part due to the relaxed nature of the town and the calm sea water. Praia da Luz can be an alternative stay from which to explore the western Algarve region, once there are good public transport to the main city of Lagos, while there are enough buses to explore the west, towards Sagres. It is only 50 minutes drive away from the Airport of Faro.


Contact your personal advisor
Engel & Völkers Lagos
  • SOPC - 3 - Actividades Imobiliárias, Lda. · AMI 11742
  • License partner of Engel & Völkers Residential GmbH
  • Nuno Correia
  • Rua da Barroca, 64
  • 8600-866 Lagos
  • Phone: +351 282 249 517
  • Cell: +351963560366
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The Service on www.engelvoelkers.com/lagos is provided by:

Engel & Voelkers Lagos
Rua da Barroca Nº64
8600-688 Lagos

Commission Details

Availability upon agreement. This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, change of price or withdrawal without notice. Taxes, notary and registry fees must be paid by purchaser, the commission by the seller as stipulated by Portuguese regulations.


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