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Algarve, Lagoa, Portugal

€379,000
Vernon LDA, Algarve
PROPERTY TYPE

Land

SIZE

12,163 sq ft

1,130 sq m

Key features

  • Total area: 1130 sqm

Description

Excellent investment opportunity: A 1,130 m² urban plot of land, intended for the construction of a three-storey residential and commercial building comprising five units.

Located in a peaceful, strategic, and constantly growing area, this urban plot situated in Cálvario, in the municipality of Lagoa, more precisely between Estombar and Mexilhoeira da Carregação. Carvoeiro beach is just a 5-10 minute drive away.

This property represents a distinctive opportunity for investors, developers, or anyone looking to create a project in one of the Algarve’s fastest-growing locations.

The plot previously benefited from an approved project designed for a mixed-use residential and commercial development, comprising:

• 1 commercial unit
• 2 two-bedroom apartments (T2)
• 3 three-bedroom apartments (T3)
• Communal swimming pool
• Landscaped gardens
• Private garages

The surrounding area stands out for its balance between tranquillity, accessibility, and strong appreciation potential, benefiting from a privileged location close to supermarkets, golf courses, essential services, and the region’s main road connections.

The municipality of Lagoa, has increasingly established itself as a sought-after destination for both permanent living and investment, offering quality of life, privacy, and excellent access to the Algarve’s key locations.

This plot presents a particularly attractive opportunity for anyone seeking to develop a project with strong return potential in a peaceful, established, and increasingly desirable area.

For further information or to arrange a site visit, please get in touch.
REF: LC068

Algarve, Lagoa, Portugal

Approximate location
Open mapStreet View

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    30.9 miles

Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About Vernon LDA, Algarve

Rua povo do Burro nº 1 Praia do Carvoeiro Algarve Portugal 8400-502 Carvoeiro LGA

Looking to Buy or Sell!

Vernon is one of the longest established and licensed real estate agents in Portugal, founded in the Algarve in 1990, with Lic. nº 956 AMI with office in the centre of Carvoeiro – Lagoa.

With all these years ‘experience in the Algarve property market, Vernon Real Estate has built a strong reputation for a bespoke service to meet the needs of every client, whether you are selling, up/down-sizing or looking for the right property or commerce in the Algarve today. Our highly qualified, multilingual, and friendly team, will give you their utmost support through the whole process, covering all elements from finding an ideal property to handing over the keys and beyond.

We offer professional assistance and guidance regarding finance, legal advice and can also provide you with mortgage advisers, licensed solicitors, management /rentals & construction companies, and other services, to help through the process of buying and selling.

With a wide variety of properties in our portfolio ranging from; sea view to country side villas, apartments, 1/4 shares properties, commercials, building plots, projects for professional investors/developers, listed with us throughout the Algarve, in some of the most privileges areas such as; Carvoeiro, Ferragudo, Lagoa, Alvor, Portimão, Lagos, Porches, Armação de Pera, Galé, Albufeira, Silves, Messines, enables our team to be able to find the perfect property solution for every buyer, no matter what your budget or requirements are, we are guaranteed to find what you are looking for.

For those looking to sell their Algarve property, our team can give you the correct market value, and to use their wide network of longstanding contacts to find the right buyer at the right price.

Working across various marketing platforms both nationally and internationally, you can be sure that your property will reach the right audience for a swift and stress-free sale.

Contact us now to buy or sell in the Algarve, OR to find out more about the many fiscal and lifestyle benefits of investing in property in Portugal.

We guarantee that you will be happy with the result; we will do our best to make your dream come true.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Vernon LDA, Algarve (reference 90533_LC068) 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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