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Algarve, Lagos, Portugal

£937,200
€1,100,000
Marcela Real Estate, Lagos
PROPERTY TYPE

Town House

BEDROOMS

6

BATHROOMS

7

SIZE

3,229 sq ft

300 sq m

Key features

  • 6 bedrooms
  • Total area: 84,5 sqm
  • House area: 300 sqm
  • 7 bathrooms
  • Sea views
  • Construction year: 2016

Description

Sea-view townhouse in the Historic Centre of Lagos, currently operating as a local accommodation business, with both residential and tourist accommodation licences in place.
Set in an elevated and peaceful location, the property enjoys open views over the sea, the city and the historic walls of Lagos. With entrances from two different streets, the property is arranged over four floors:
• Ground floor: 2 suites, each with a living room, bedroom and private bathroom.
• First floor: 2 suites with living room, bedroom, private bathroom and balcony.
• Second floor: 2 bedrooms with en-suite bathrooms.
• Third floor: spacious open-plan living room and kitchen, guest WC and 2 terraces.
In total, the property offers 6 independent units with private bedrooms and bathrooms, 4 of which also include their own living room. The top floor serves as a shared social area, featuring a kitchen, living room, WC and generous outdoor spaces.
The outdoor areas are among the property's standout features, culminating in a rooftop terrace with panoramic views over the city and the sea.
With approximately 300 m² of built area and an 84.5 m² footprint, the property was originally built before 1951 and was fully renovated and legally regularised in 2016.
Its current layout allows for the immediate continuation of the tourism business without the need for structural alterations, making it an excellent investment opportunity with an established income stream. At the same time, the size and layout of the property also make it suitable as a private residence or multi-generational family home, requiring only minor modifications.
Located in a quieter part of the Historic Centre, away from the busiest tourist areas, the property combines tranquillity and authenticity with easy access to the waterfront, shops, restaurants and services. The Historic Centre of Lagos enjoys strong year-round tourist demand, further enhancing the property's investment potential and long-term value.

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REF: C4081
REF: C4081

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_C4081) 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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