Building comprised of six residential apartments and one commercial space, fully renovated in the heart of Lagos
Property Overview:
- 6 Residential Apartments across three upper floors;
- 1 Ground-floor Commercial Unit (leased to a long-standing tenant);
- Private terraces or outdoor spaces for every unit;
- Comprehensive renovation in progress, including:
o New Quickstep Oak flooring;
o Full electrical and fiber internet upgrades;
o New kitchens and bathrooms (as applicable);
o New double-glazed windows, balcony doors, and electric shutters;
o Custom-fitted wardrobes;
o Daikin air conditioning throughout;
o Improved ventilation systems;
o All walls and ceilings repainted (Robbilac 2I22 Crystal).
Residential Units Breakdown
First Floor:
- Studio A (32 m²) - With private terrace, new kitchen, and patio access through new French doors.
- Studio B (45 m²) - Generously sized studio with new kitchen, new bathroom, and private terrace.
- T1 C (45 m²) - One-bedroom apartment with elevated terrace directly accessible from the new kitchen.
Second Floor:
- Studio D (27 m²) - Compact and modern with new kitchen and small private outdoor space.
- T2+ Apartment E (65 m² + 22 m² terrace) - Spacious two-bedroom, two-bath unit with extended open-plan kitchen/living area and a large private terrace.
Third Floor:
- Studio F (25 m² + 13 m² terrace) - Charming top-floor studio with its own outdoor retreat.
All units come fully fitted with kitchens or kitchenettes and benefit from efficient layouts and ample natural light.
Commercial Unit
Ground Floor:
- Fully Leased on a 5-year contract (since December 2024);
- €3,100/month rental income (€37,200/year);
- Occupied by a well-established restaurant tenant with local roots dating back to 1989;
- Now expanding operations to include a retail shopfront.
Additional Highlights:
- AL (Alojamento Local) license in place for up to 14 beds;
- Ideal for short-stay rentals, long-term leasing, or flexible hybrid income;
- Significant capex already invested investor-ready with upside potential.
Investment Potential:
Whether you're an investor seeking healthy yields, a developer looking to finish a project with strong fundamentals, or an operator entering the hospitality market, this property offers:
- Immediate cash flow from the commercial unit;
- High rental demand in a desirable area;
- Turnkey renovation scope with premium finishes;
- A ready-to-activate short-term rental license.
Note: The renders / pictures displayed are not real pictures. They are just renders. For realistic images, please ask accordingly.
About the Location:
Lagos, located in the western Algarve, is one of Portugal's most vibrant and desirable coastal towns, known for its stunning beaches, historic charm, and strong year-round appeal. With its dramatic cliffs, golden sands, and crystal-clear waters, Lagos offers some of the most iconic scenery in the region, including the famous Ponta da Piedade rock formations. Beyond natural beauty, Lagos boasts a well-preserved old town filled with cobbled streets, boutique shops, and excellent restaurants, blending modern lifestyle with authentic Portuguese culture. It's also a hotspot for water sports, from surfing to kayaking, and benefits from a warm climate throughout the year. For investors and second-home buyers, Lagos stands out for its steady tourism demand, strong rental yields, and growing international community, making it both a lifestyle haven and a solid real estate opportunity.
Energy Rating: B
#ref:EDI_7425
€2.000.000 
