Location : Western Algarve, Lagos

Price From : €590,000 | £517,544

Type : 5 Bedroom House

Reference : GV683

Tel : 44 (0)1925 414422

Email : info@buyportugal.com


This is a good investment opportunity located a 5 minute walk from the centre of Lagos.

We have a two storey apartment block with roof terrace in need of improvement.

Plans have been submitted to create 4 x two bedroom apartments with garages. These plans are currently awaiting approval.

At the moment the building comprises of ground floor with a 2 bedroom apartment which has kitchen, bathroom and small terrace and there is also an office space with bathroom. Adjacent to this is a spacious garage with room for 2 cars.

On the first floor is a 3 bedroom apartment with 3 bathrooms, living room with balcony and a kitchen.

The building can be purchased with the current project or can be purchased with all work completed.

This would be an excellent rental investment for those seeking either short or long term income.

Lagos is a historic and lively town that is situated on the beautiful western Algarve coastline. As a holiday destination Lagos offers visitors glorious beaches, buzzing nightlife and a charming historic centre, which has retained its character and charm. Within the Lagos region is an abundance of varied sights and activities, which makes the city a fantastic destination for tourists who want more than just great beaches for their holiday. Extending to the east of Lagos is the 4km long Meia Praia Beach, which is the longest sandy beach on the western side of the Algarve. The nearest international airport to Lagos is Faro Airport, 90km to the east which is less than an hour by car.

Bedrooms: 5
Bathrooms: 5
Build size: 187 square metres

Ref: GV683

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Note: Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.