A large plot of land situated in the popular resort of Porto de Mós, Lagos, with an approved project already well underway. This kind of location, combined with a high quality instruction make a great investment opportunity for someone looking to generate an additional income through rentals, or flipping property. Authorisation for a villa has already been approved, offering a basement, swimming pool and with this privileged location it will overlook the ocean. Providing an opportunity to design this home to your own standard and expectations which can result in larger profits on a future sale if looking to flip. Porto de Mós beach is the second largest beach in Lagos, set amidst steep cliffs and lined with soft golden sands, it provides a pleasant alternative to the touristic centre. Especially with it being such a family friendly beach with clean ocean waters and lifeguard supervision in high seasons, this property really makes for a smart purchase for the savvy investor. Lagos is a town in the Western Algarve, hugely popular among people of all ages and attracting tourists from all corners of the world. It is well known for its iconic beaches and sandy coves of Dona Ana and Praia do Camilo. The cliff tops of Ponta da Piedade provide a stunning view to the sea and surrounding natural beauty. The centre of town is home to many historic landmarks, including the 18th century church of St. Antonio, castle walls and the Castelo dos Governadores, one of the town’s oldest features.
The investor obtains a Portuguese residence permit by purchase of real estate worth at least €500,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.