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Real Estate Portugal > Ref: LVE5758 - Hotel for sale in Lagos, Algarve, Portugal
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Property of the Week
Silver Coast

Villa_for_sale_in_Foz do Arelho_LBA5782
Villa in Obidos

luxury 5 bedroomvilla with swimmingpool close to several golf cources

€ 895000

Town: Obidos
Region: Silver-Coast
Country: Portugal

View Property ref LBA5782



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Algarve

Villa_for_sale_in_Almancil_SMA6633
Villa in Almancil

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Town: Almancil
Region: Algarve
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Ref: LVE5758
Villa With 4 Apartments Just Outside the City Centre of Lagos


Hotel_for_sale_in_Lagos_LVE5758
Hotel for sale in Lagos, Algarve, Portugal

€ 840000

Town: Lagos
Region: Algarve
Country: Portugal


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Description:

Villa With 4 Apartments Just Outside the City Centre of Lagos


In the close neighbourhood of beaches and city centre, nature and golf courses, supermarkets and restaurants you can find this substantial property comprising of 3 bedroom owners¡¯ villa and 4 independent apartments to let. Perfectly located as a holiday base, this established business has bags of potential to provide both family accommodation and an excellent income.

The premises is located in Pedra Alcada which is an area just outside the city walls. The high profile property can be accessed from either side. There are plenty of dedicated parking places next to the main entrance. The accommodation is laid out over three levels:
LEVEL 1:
This is the owners¡¯ private living space and comprises of a huge open sitting/dining area with sliding glazed doors leading out to a full width sunny balcony. This room features an ornate fireplace and hand-carved staircase leading to the roof terrace. Bedroom 2 and bedroom 3 are both doubles and have fitted wardrobes. They share the family bathroom, The master bedroom is huge and has fitted wardrobes, dressing room and en-suite bathroom. This floor also has a good size office and magnificent big breakfast kitchen with barbecue terrace.

GROUND LEVEL:
This part is given over to the independent letting apartments. The basement area is converted into two independent 2 bedroom apartments each with a complete bathroom, kitchen and living room. Each apartment can easily accommodate 6-8 people. There are two independent 1 bedroom apartments also on this level. These can accommodate 5 people each and have luxury shower rooms and kitchenettes. Each apartment has its own theme and comes completely furnished and equipped ¨C ready to start earning.
The communal space consists of a wonderful swimming pool with sun bathing terraces and al-fresco walls. There is also a big game area under a roof. The properties are designed so that each apartment has it¡¯s own private space as well as enjoying the generous communal areas.

TOP LEVEL:
This is currently a huge communal roof terrace with ocean view and a storage part. There is a project awaiting approval to build two more 2 bedroom apartments on this level.

LOCATION:
In a quiet and safe neighbourhood (very low crime stats!) with many villas and big houses, most of them build in the end 80¡äs early 90¡äs, that are actually occupied all year round. You will find both Portuguese and resident foreigners living here all through the year. No ghost town feeling, but enjoying amidst nice and friendly neighbours.

Cable / Satellite (Availability) : Included   ADSL (Availability) : Included   Telephone : Included   BBQ : Included   Pool : Included  

Number of Bedrooms : 7
Price : € 840000



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