Engel & Völkers
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Investment Oportunity

Price on request
  • 56,620 m² Plot surface

Description

Opportunity to build a tourist unit in a fantastic location 5 minutes from Praia da Luz. The land with about 55,000 m2 has a unfinished construction with about 5,000m2 which was intended to be a hotel unit. In this land there was an approval for the remodeling and expansion of the construction and that raised the built area to about 12,000m2 with a total of 144 housing units.

Features
Mountain viewOpen view
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Engel & Völkers Lagos

Your advisor: Sandra Matos

Property ID: W-02Z8EX

Property details

Object type

Other

Plot surface

56,620 m²

Location: Luz, Faro District

It was from Lagos that Gil Eanes set sail, the navigator who proved that the world did not end at Cabo Bojador, and that the sea was not inhabited by monsters! Due to its location and economic importance Lagos has become a focal point for the Portuguese Discoveries and was even recognized as the capital of the Kingdom of the Algarve. The strong connection to the sea is maintained and it is in Lagos that is the 1st Marina in the Iberian Peninsula to reach 5 stars. The historic centre is almost all pedestrian, providing a wide range of shops, restaurants, bars or cafes. The city benefits from all the factors necessary to enhance an excellent vacation as well as a high quality of life, as it offers the main tourist attractions including the beach, golf, culture, leisure, gastronomy, sports, nature, amongst others. Luz is situated only 10 minutes drive from Lagos, and is blessed with both beautiful beach and wonderful weather. Praia da Luz is a charming and peaceful village perfect for those seeking a relaxing living by the sea. Only 50 minutes drive away from the Airport of Faro.

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Land & Lots for sale in Luz

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Engel & Völkers Lagos

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Provider:

Engel & Völkers Lagos

License partner of SOPC 3 - Actividades Imobiliárias, Lda.

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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