Exceptional 16 apartment Hotel with approved expansion project to add a further 21 units.

Exceptional 16 apartment Hotel in excellent order with approved expansion project to add another 21 units, located in a tranquil area of Lagos with far reaching country views towards the Monchique mountain range and Porto de Mos beach. 

Fantastic opportunity, a very successful hotel complex with excellent occupancy rates consisting of 8 x T1 & 8 x T0 freehold apartments arranged over 2 floors with the first floor boasting sea views. All apartments have fitted kitchens, aircon and South facing terraces overlooking the Pool and gardens.

Set on a Large plot with beautiful gardens full of sub-tropical plants that has been maintained to the highest level, large pool and separate children's pool fed from a borehole, tennis court, BBQ area, outdoor jacuzzi, children's play area and large car park. 

There is currently an approved project to expand the business with permission to add a rooftop restaurant/bar and terrace to the existing building that will boast the most amazing sea views. The project also includes the addition of 21 extra units and 2 further pools.

Great location, within walking distance to the old town, Porto de Mos beach or the renowned Boavista golf course. 20 min to the West coast and less than an hour drive to Faro airport.

Rare opportunity to buy a very successful ongoing concern with a large scope for expansion and increased turnover.

About the area..

Lagos... The city lies along the bank of the Rio Bensafrim, with 16th-century walls enclosing the old town’s pretty, cobbled lanes, picturesque piazzas and churches. The city has an exceptional choice of bars and restaurants and the World class Marina and beaches just add to the allure. With every activity under the sun (literally) on offer, plus a lively nightlife, it’s not surprising that people of all ages are drawn here. Aside from its hedonistic appeal, Lagos has a lot of historical clout, having launched many naval excursions during Portugal’s extraordinary Age of Discoveries.

 

Property Features

For further information or to arrange to view this property please contact us on our International Number +351 308 800 878 or from the UK 0800 014 8201 or from Portugal +351 308 800 878 or email us on info@portugalproperty.com.