Algarve, Lagos, Portugal

An excellent investment opportunity in the heart of Lagos Old Town, ideally situated on a traditional cobbled street with no vehicular traffic, preserving the charm and character of the town's historic centre. Total Area: 105,0 m2 | Built in: 1989

Currently used as a medical practice, the property is arranged over two floors, comprising the first and second floors of the building, and benefits from authorisation to change its permitted use from commercial to residential. The ground floor is not included in the sale.

The property currently comprises seven rooms, offering a functional layout. The first floor houses the medical practice, including one room fitted with a kitchen. On the second floor, there is a library and an office, spaces that have already been physically adapted for residential use.

The property also benefits from three bathrooms, a built-in wardrobe in the hallway, a storage room, a pantry and a private terrace measuring 38.30 m².

The layout over two floors, together with the existing kitchen and the adaptations already carried out, offers the potential to develop a residential project, whether as a permanent home, holiday home or investment property.

KEY FEATURES:

Located in the historic centre of Lagos;

Arranged over two floors (first and second floors);

Seven rooms, one of which includes a kitchen;

Three bathrooms;

Library and office on the upper floor;

Built-in wardrobe in the hallway;

Storage room and pantry;

Private terrace measuring 38.30 m²;

Authorisation to change the permitted use from commercial to residential;

Traditional cobbled street with no vehicular traffic;

Building without a lift;

No condominium fees.

An interesting opportunity for those seeking a property with outdoor space and potential for conversion into a residential home, in a central location close to traditional shops, restaurants, services and Lagos' main attractions.

REF: N387
REF: N387