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16 bedroom property for sale

Lagos, Algarve, Portugal

€2,500,000

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Call: 03339 396779
  • Description
  • Floorplans (0)
  • Map

Key features:

  • Commercial
  • Swimming Pool
  • 16 Bedrooms
  • 18 Bathrooms
  • Air Conditioning
  • Garden
  • Furnished
  • Heating
  • Parking
  • Terrace/balcony

Full description:

Exceptional 16 apartment Hotel in excellent order with approved expansion project to add another 21 units, located in a tranquil area of Lagos with far reaching country views towards the Monchique mountain range and Porto de Mos beach. 

Fantastic opportunity, a very successful hotel complex with excellent occupancy rates consisting of 8 x T1 & 8 x T0 freehold apartments arranged over 2 floors with the first floor boasting sea views. All apartments have fitted kitchens, aircon and South facing terraces overlooking the Pool and gardens.

Set on a Large plot with beautiful gardens full of sub-tropical plants that has been maintained to the highest level, large pool and separate children's pool fed from a borehole, tennis court, BBQ area, outdoor jacuzzi, children's play area and large car park. 

There is currently an approved project to expand the business with permission to add a rooftop restaurant/bar and terrace to the existing building that will boast the most amazing sea views. The project also includes the addition of 21 extra units and 2 further pools.

Great location, within walking distance to the old town, Porto de Mos beach or the renowned Boavista golf course. 20 min to the West coast and less than an hour drive to Faro airport.

Rare opportunity to buy a very successful ongoing concern with a large scope for expansion and increased turnover.

About the area..

Lagos... The city lies along the bank of the Rio Bensafrim, with 16th-century walls enclosing the old town’s pretty, cobbled lanes, picturesque piazzas and churches. The city has an exceptional choice of bars and restaurants and the World class Marina and beaches just add to the allure. With every activity under the sun (literally) on offer, plus a lively nightlife, it’s not surprising that people of all ages are drawn here. Aside from its hedonistic appeal, Lagos has a lot of historical clout, having launched many naval excursions during Portugal’s extraordinary Age of Discoveries.

 

Ref: PP3154



Property Features
  • Commercial
  • Swimming pool
  • 16 bedrooms
  • 18 bathrooms
  • Air conditioning
  • Garden
  • Furnished
  • Heating
  • Parking
  • Terrace/Balcony
  • Covered dining area
  • Kids play area
  • BBQ
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • South facing
  • Near bars/restaurants
  • Near schools
  • Near shops
  • Near a golf course
  • Near the beach

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Faro (INTERNATIONAL), 40.2 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
03339 396779  Local call rate

Disclaimer

This is a property advertisement provided and maintained by Portugalproperty.com, Vilamoura (reference 72227_PP3154) 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.

This property is marketed by:

Portugalproperty.com, Vilamoura

Avenida da Marina Urb. Marina Plaza Bloco 26B Fracção C Vilamoura 8125-401
or call 03339 396779
Calling from outside the UK? 0044 800 014 8201

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