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Algarve, Lagos, Portugal

€110,000
Marcela Real Estate, Lagos
PROPERTY TYPE

Apartment

BATHROOMS

1

SIZE

398 sq ft

37 sq m

Key features

  • House area: 37 sqm
  • 1 bathrooms
  • Construction year: 1972

Description

This studio apartment located on the top floor (3rd floor), inserted in the heart of the historic center of Lagos, presents enormous potential for those looking for a renovation project with an excellent investment opportunity.
The apartment/studio consists of a living room/bedroom, kitchen, bathroom and a balcony, ideal for enjoying the Algarve climate. The building does not have an elevator. The property is in need of comprehensive rehabilitation works, offering the possibility of creating a modern and functional space, fully adapted to the preferences of the future owner.
There is a *PIP - Pedido de informação prévia* submitted to the Municipality of Lagos for the expansion of the interior space.

The property is located right in the center of the historic center, just a few steps from bars, restaurants, shops and various services. In addition, on the ground floor of the building there is a bar, reinforcing the proximity to urban life.

Investment Opportunity
Thanks to its privileged location and the growing tourist interest in Lagos, this T0 proves to be an excellent option for:
- Short-term rental, benefiting from high demand throughout the year;
- Long-term rental, ensuring stable income;

If you are looking for a property to transform and monetize, this is a rare opportunity in the historic center of Lagos.

REF: A2134B
REF: A2134B

Algarve, Lagos, Portugal

Approximate location

NEAREST AIRPORTS

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

Advice on buying Portuguese property

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

About Marcela Real Estate, Lagos

Rua 25 de Abril, n 31, Lagos, 8600-763, PORTUGAL

Marcela Real Estate is a company specializing in the Western Algarve.

Driven by the Algarve's lifestyle and culture, we have become specialists in the local property market for over 30 years, always keeping our commitment to clients and friends to find the right realty solution for those who want to enjoy the Algarve.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Marcela Real Estate, Lagos (reference 286307_A2134B) 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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