Engel & Völkers
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INVESTMENT - PLOT WITH CONSTRUCTION POTENTIAL

€480,000
  • 1,610 m² Plot surface

Description

Land with 1,610m2, with the possibility to build up to 803m2, every time is presented as a space with a special use for tourism located in one of the main entrances of Praia da Luz, next to the EM537. This land is currently undergoing an allotment project and foresees its conversion into a special use space for touristic purposes, looking forward to the construction of a boutique hotel establishment with tourist apartments in a total of 16 T-1 units.

Features
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Engel & Völkers Lagos

Property ID: W-02UQJM

Property details

Object type

Other

Plot surface

1,610 m²

Location: Luz, Faro District

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 seawater. Praia da Luz can be an alternative stay from which to explore the western Algarve region, once there is good public transport to the main city of Lagos, while there are enough buses to explore the west, towards Sagres. It is only a 50-minute drive away from the Airport of Faro.

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Engel & Völkers Lagos

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Provider:

SOPC - 3 - Actividades Imobiliárias, Lda.

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License partner of Engel & Völkers Residential GmbH

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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