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Reference PP3821

Lagos, Western Algarve

Commercial

42 Bedrooms

Built in: 1982

1,167m2 Build size

1,921m2 Plot size

First Time On The Market, Front-Line Holiday Complex - Metres From Luz Beach

POA POA POA

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Key information

Reference: PP3821

Commercial

Lagos, Western Algarve

42 Bedrooms

Ownership Status: Private

Built in: 1982

1,167m2 Build size

1,921m2 Plot size

Rare opportunity first time ever on the market an iconic beachfront holiday apartment complex.

Front-line holiday complex in a spectacular location just metres away from the golden sands of the spectacular Luz beach. Currently open for business and operated by the original owners for over 30 years.

The complex in total is made up of 3 separate buildings with the main apartment block consisting of 22 apartments (2 x 3-bed, 8 x 2-bed, 5 x 1-bed and 5 studio apartments) set over 3 floors with most of the apartments boasting wonderful sea views.

Aside from the main apartment block, there are 2  good sized adjoining semi-detached 5-bed villas.

Large South facing communal pool with day-long sunshine and pool bar. 

An additional 5 ground floor units currently used for storage and staff accommodation that could easily be utilised for other purposes such as restaurant, snack bar or additional accommodation. 

A superb once in a lifetime opportunity to own an iconic front-line resort offering an excellent investment opportunity with a huge amount of scope.

In the heart of the village and close to all amenities, 5 minutes drive into the city of Lagos and less than an hour to Faro airport.

Features

  • Pool
  • Garden
  • Terrace/Balcony
  • Features great views
  • Sea view
  • On the waterfront
  • Morning sun
  • Evening sun
  • Orientation: South Facing
  • Near bars / restaurants
  • Near school(s)
  • Near shops
  • Near a golf course
  • Near the beach

Key information

Reference: PP3821

Commercial

Lagos, Western Algarve

42 Bedrooms

Ownership Status: Private

Built in: 1982

1,167m2 Build size

1,921m2 Plot size

The location: Lagos, Western Algarve

Praia da Luz is another Algarve resort that has seen much development in recent years and it has become a firm favourite for several ex-patriot communities. It has retained its appeal and attractiveness by being held to a relatively low-rise landscape. A lot of the development has gone to the west of Praia da Luz, but it now boasts a wide selection of accommodation, with several hotels in the central hub of the village and many private holiday rentals.

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Want to know more about this property?

Speak to anyone in our team and we will be happy to help.
Send your enquiry through now.

Yours sincerely,
Tony Berkery

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