Location : Western Algarve, Lagos

Price From : €500,000 | £431,035

Type : Villa

Reference : GP057B

Tel : 44 (0)1925 414422

Email : info@buyportugal.com

Rare opportunity to purchase this south facing plot of land (one of four) in the prime location of Lagos, in an ocean fronted luxury urbanization, with approval to construct a one or two storey villa with sea views.

Villa's approximate dimensions: build size: 299 square metres, plot size 1,284 square metres.

This is an ideal investment opening to develop and resell, or to build your own holiday villa in this popular setting.

This is a south facing urban plot in the Reserva da Luz urbanization ideal for a detached villa. The plot is freehold and you are free to design and build the property to suit your own needs and requirements. The villa will have panoramic sea views.

The plot is one of four available plots ranging from €450.000 to €600.000 (1,197m2 to 1,284m2).

City Hall Permission (PIP) permits:

- the construction of one property per plot
- construction area of 299.85m2 (plus terraces, etc)
- maximum 2 storey above ground and basement level permitted, (bungalow permitted if you do not require 2 storey)
- maximum height level of facade (above designated street level) of 7.5m
- Implantation (foot print) of 299.85m2

The buyer can choose their own architect/project/builder.

Lagos is a historic and lively town that is situated on the beautiful western Algarve coastline. As a holiday destination Lagos offers visitors glorious beaches, buzzing nightlife and a charming historic centre, which has retained its character and charm. Within the Lagos region is an abundance of varied sights and activities, which makes the city a fantastic destination for tourists who want more than just great beaches for their holiday. Extending to the east of Lagos is the 4km long Meia Praia Beach, which is the longest sandy beach on the western side of the Algarve. The nearest international airport to Lagos is Faro Airport, 90km to the east which is less than an hour by car.

Broadband is widely available in Portugal and is known as 'banda larga'. It is considered to function better than broadband services in the UK due to the fact that Portugal was one of the last countries to embrace broadband technology and thus has a system with newer design and technology. There are several service providers offering ADSL, fibre and wireless services in Portugal to the residential and the and the professional markets.

Plot size: 1,284 square metres

Ref: GP057B

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Note: Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.