Magnificent Villa with OPP for Additional Properties, Lagos area, Algarve, Portugal
Magnificent Villa with OPP for Additional Properties, Lagos area, Algarve, Portugal
Large villa (460m2) with separate guesthouse on a large plot in Lagos, Algarve providing an excellent development opportunity, or as a single residence, which is in need of updating.
7 Bedrooms
6 Bathrooms
Large Swimming Pool
Central Heating and Solar Panels
25,000m2 of land with OPP for at least 4 properties
Stunning location - within the city of Lagos, very close to Porto de Mos Beach, Golf Boavista, tennis, shopping (international)
Price: EUR 2,500,000 guide price for villa, guesthouse and land.
YOUR PURCHASE WILL EARN A LUXREWARD
YOUR PURCHASE WILL SUPPORT GOOD CAUSES VIA LUXGIVEBACK
The owner advises that, ‘at a minimum, approval for the plots labelled 1 to 4 would be fairly straight forward, as these are on land that is deemed by the council to be physically separated from the bulk of the land (courtesy of a disused path); drainage services are also in place. The smallest plot is, I believe, over 1,000 sq.m. in size'.
By comparison, plots on land adjacent to the villa are being valued at between €300k and €500k, based upon the built villa sale price of €980k; these are 530 sq.m. plots.’
It is strongly advised that you seek expert professional advice and make your own enquiries with the local planning authorities. Iridium Luxury cannot be held liable in the event that you proceed to purchase without carrying this out.
