Land for sale in Lagos
A large plot of land for sale in Praia da Luz, one of, if not the most, popular area in Lagos. Offering an impressive 24,520m2 of land, there is a property already built with a size of 121m2.
In need of some TLC, or if you are wanting to do a full renovation, it is comprised of an open plan living room, dining area and kitchen, along with three bedrooms, one bathroom, a warehouse and some ruins.
Providing a fantastic opportunity to completely transform the property and its surrounding area at a smaller asking price than a lot of the real estate found within this particular region – meaning you will be left with a fruitful construction budget.
If you are looking at potentially making an investment in order to generate an additional income through holiday rentals in the Algarve, new apartments on this development will easily be able to contribute towards this with it being such a highly sought after area.
With two independent entrances from both the N125 national road and the Praia da Luz road, there is excellent potential to create two completely individual projects. From the N125 entrance there are ruins, which can be renovated, and from this side you are able to build a two storey villa with a rooftop, resulting in ocean views.
With such a large plot, you will easily be able to insert a swimming pool or two, and if you decide to go down the hospitality route, you could even look to input Glamping tents for guests who are wanting to stay in this area along with a summer kitchen and dining room.
Additional features located on this plot include fruit trees – great for homemade smoothies or fruit juice – a well, a water hole and plenty of parking spaces.
This location is extremely popular with investors wanting to acquire real estate with the intention of either moving to Portugal, turning into a source of additional income or private use for friends and family looking to vacation in the Algarve.
Nearby you can find the renowned Boavista Golf Resort, award winning beaches are just a ten minute drive away – these include Praia da Luz – Porto de Mós and Rocha Negra where there are unique cliffs overlooking the Atlantic Ocean.
Praia da Luz centre is approximately ten minutes away, and the picturesque villages of Luz and Espiche is slightly closer at just five minutes. Found just six kilometres from the popular town of Lagos, Luz is a pretty village and like many coastal resorts, it was once a fishing port.
A great place for families and couples alike, Praia da Luz has fine white sand with turquoise waters and beach side cafes which combined can make you feel as though you never want to leave. The cities Burgau, Salema and Vila do Bispo are easy accessible by the N125 providing plenty of options to enjoy your life in the Algarve.