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5 bedroom villa for sale

Algarve, Lagos, Portugal

£1,085,875
€1,250,000
Remax Expogroup, Portugal
PROPERTY TYPE

Villa

BEDROOMS

5

BATHROOMS

3

SIZE

7,879 sq ft

732 sq m

Key features

  • 5 bedrooms
  • House area: 732 sqm
  • 3 bathrooms
  • Construction year: 1954

Description

House T5 for sale
Exclusive Property Facing Meia Praia – for Living, Tourism or Business
Located just minutes from the iconic Meia Praia beach and the Palmares Golf Course, this unique property represents a truly rare opportunity in one of the most valued areas of Lagos. It is a highly flexible real estate complex, comprising two fully independent houses, a warehouse and a rustic plot of land located facing the sea, offering multiple possibilities for use. The property has an urban plot of 732.5 m², and also a rustic plot of 1,099 m². This asset stands out for its overall size and potential for development, something increasingly scarce in this excellent location. The upper house is licensed as a single-family dwelling, while the intermediate building is used as a warehouse. The lower house has a valid commercial license, allowing the installation of a restaurant, or other catering concept, constituting an exceptional added value due to its proximity to the sea and the tourist flow of the area. The diversity of spaces, combined with the favorable legal framework and privileged location, makes this property especially suitable for different usage strategies, such as:
• Development of a tourism project (Local Accommodation, Bed & Breakfast, etc.)
• Operation of a business related to catering
• Balanced combination between owner-occupied housing and commercial activity
• Large family residence with independent units
With outdoor areas, parking, and ample room for reorganization and enhancement of spaces, this property stands out as one of the most complete and versatile solutions in the vicinity of Meia Praia.
A solid opportunity for those seeking to invest safely, with high appreciation potential and a truly exceptional location, just steps from the sea.
REF: -424

Algarve, Lagos, Portugal

NEAREST AIRPORTS

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

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About Remax Expogroup, Portugal

Notes

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This is a property advertisement provided and maintained by Remax Expogroup, Portugal (reference 96202_122881053-424) 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.