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Key information Make an enquiry

€ 2,850,000 £ 2,515,541 $ 3,398,488

Reference PP3154

Lagos, Western Algarve

Commercial

16 Bedrooms

Built in: 2009

858m2 Build size

€ 3,322 £ 2,932 $ 3,961 / m2 build

12,080m2 Plot size

€ 236 £ 208 $ 281 / m2 plot

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

€ 2,850,000 £ 2,515,541 $ 3,398,488

6% 

Date From To +/-

07-09-2018 € 2,700,000 € 2,850,000 6%

Overall price change 6%

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Key information

Reference: PP3154

Commercial

Lagos, Western Algarve

16 Bedrooms

18 Bathrooms

Ownership Status: Company

Built in: 2009

858m2 Build size

€ 3,322 £ 2,932 $ 3,961 / m2 build

12,080m2 Plot size

€ 236 £ 208 $ 281 / m2 plot

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.

 

Features

  • Pool
  • Air conditioning
  • Garden
  • Furnished
  • Heating
  • Parking
  • Terrace/Balcony
  • Covered dining area
  • Kids play area
  • BBQ
  • Features great views
  • Sea view
  • Morning sun
  • Evening sun
  • Orientation: South facing
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near a golf course
  • Near the beach

Energy rating

  • A+
  • A
  • B
  • B-
  • C
  • D
  • E
  • F
  • G

The energy rating shows the energy efficiency of a building on a scale of A to G. The most efficient homes – which should have the lowest fuel bills – are in band A, whereas the most inefficient homes are in band G.

Key information

Reference: PP3154

Commercial

Lagos, Western Algarve

16 Bedrooms

18 Bathrooms

Ownership Status: Company

Built in: 2009

858m2 Build size

€ 3,322 £ 2,932 $ 3,961 / m2 build

12,080m2 Plot size

€ 236 £ 208 $ 281 / m2 plot

The location: Lagos, Western Algarve

Portugal's least developed region, the wild Western Algarve, surrenders to the power of the Atlantic: it is all about nature, about surfing and the sea, about bird watching or spotting dolphins or walking cliff-top paths from one deserted sandy cove to another.

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Send your enquiry through now.

Yours sincerely,
Jessica Piessens

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