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Algarve, Lagos, Portugal

€16,250,000
Marcela Properties, Lagos & Aljezur
PROPERTY TYPE

Land

SIZE

1,299,396 sq ft

120,718 sq m

Key features

  • Total area: 120718 sqm
  • House area: 51120 sqm

Description

Marina Park II is the designation of a set of 2 plots of land, with a total area of 120.718m2, for which there is a Prior Information Request (PIP) for a subdivision operation approved by the Municipality of Lagos which includes an area of intervention of 72,729 m2 with an approved construction area of 51,120 m² (397 apartments are planned (70 1bedroom apartments, 180 2bedroom apartments and 147 3bedroom apartments).
In addition to the intervention area considered in the PIP, there is a remaining area to the south, with 12,536 m², which gives a potential construction area of 5,238 m², in accordance with the applicable urban planning instruments.
• The remaining area to the north, with 35,453 m², is proposed in the PIP as a concession area (compensation portion) to integrate the municipal private domain.

The land is located close to the already built Marina Park I development and represents an excellent investment opportunity for the development of a new urban space. This area, either because of market demand or because of its location and surroundings, has a special vocation for carrying out a housing project aimed at the middle class and also at young people in the Lagos area.
The solution presented in the approved PIP complies with the urban parameters stipulated by the Lagos Urbanization Plan.

Contact us for more information.

Lagos is historically associated with the Portuguese Discoveries and is today one of the Algarve's most attractive tourist centers, with exceptional beaches, cultural and religious heritage, as well as a dynamic nightlife. The historic center is almost entirely traffic-free, offering a wide range of shops and cultural establishments, restaurants, bars and cafés.
Today, Lagos' greatest attraction lies in the abundance and beauty of its beaches. You can choose between the long stretches of sand dunes of Meia Praia or smaller, sheltered beaches such as Praia do Camilo or Praia Dona Ana.

Faro International Airport is only an hour away via the A22 motorway.

REF: U472

REF: U472

Algarve, Lagos, Portugal

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    40.2 miles
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About the agent

Marcela Properties, Lagos & Aljezur

Rua 25 de Abril, 31, Lagos, Algarve, 8600, Portugal

Marcela Properties, Lagos & Aljezur

About Us

MARCELA PROPRIEDADES

AMI - 1538

LEADER IN WESTERN ALGARVE!

Marcela Properties is a well-established, fully authorized Portuguese estate agent in the Algarve for over 20

years. With prices ranging from budget to luxurious sea view villas, our current portfolio contains more than 500

properties in the Algarve; from apartments, townhouses, villas, old farm houses, plots of land, commercial premises

and investment properties.

We give

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Notes

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This is a property advertisement provided and maintained by Marcela Properties, Lagos & Aljezur (reference 47775_U472) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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