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Investment opportunity - POA

Praia da Luz, Lagos

Ref: M/05624
Price on Application
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Price on application

Specifications

  • General

    • Bedrooms: 42
    • Bathrooms: 32
    • Built year: 1984
    • Views: Sea views
  • Distance to:

    • Airport: 50 min.
    • Beach distance: 20 m
    • Shops: 250 m
  • Interior

    • Heating
  • Exterior

    • Pool type: Shared

Business for sale in Lagos - Praia da Luz

Tourist complex situated only 20 metres from the Beach in the centre of a popular upmarket resort in the Western Algarve, close to all Restaurants, Cafes, Bars and Shops

This business has a good rental record with a high level of repeat clients, which reflects its position
The complex has two separate buildings on two adjacent plots, and comprises of...

5 x T0 Apartments (Studios)
5 x T1 Apartments (1 Bed Apartments)
8 x T2 Apartments (2 Bed Apartments)
2 x T3 Apartments (3 Bed Apartments)
2 x T5 (5 Bed Townhouses)

In addition there is a good sized secluded private Pool with surrounding terrace, a Poolside Bar, 3 Offices, a Laundry, as well as an area with permission for the development of a restaurant / commercial unit.

This unrivalled location offers many profitable opportunities, such as...

REFURBISHMENT OF EXISTING BUSINESS
PERMISSION TO BUILD A NEW HOTEL
SPECIALIST RESORT
CONVERT T O UPMARKET HOSTEL
HORIZONTAL LIVING PERMISSION IS IN PLACE FOR NEW INDEPENDENT APARTMENTS FOR RENTAL or TO SELL

PRAIA DA LUZ is a popular destination with all nationalities whether for a family holiday, a romantic getaway or, as a place to retire that enjoys 300+ days of sunshine a year