This spacious three-floor house is an ideal investment opportunity, located in the heart of Lagos, a sought-after location in Portugal's Algarve region. The house is just a short walk from the beach and a supermarket, providing convenient access to all amenities.
The exquisitely renovated property, originally 3 bedrooms, has been transformed into a flourishing 6 units hostel with AL license. From the high-end finishes to the modern amenities, this property has everything needed to provide an exceptional experience for guests and create a profitable business for the savvy investor.
This offers a potential return of more than 10% a year !
The fully furnished property is a perfect blend of luxury and convenience, with a large swimming pool on the terrace providing a private and comfortable space to relax and enjoy the sunshine. The house consists of two apartments with separate entries, occupied by the owner and family and four en-suite rooms on the upper floors, which are used to rent out.
On the upper floors, the four suites are spacious and contain all the necessary amenities for a comfortable stay, including mini fridges, kettles, smart TVs, air conditioning units, and a desk in each room.
The property is fully organized for self check in. The property also features solar panels that heat 250 litres of water.
Apartment A is on the ground floor and has a kitchen, bar, living room, dining area, and bedroom. It leads out to the terrace with the swimming pool. The bedroom can be locked off and accessed through the house, so it can also be used as a separate bedroom.
Apartment B is on the middle floor and has a kitchen, bedroom, and balcony. It has a lot of natural light and all the beds have high-quality mattresses. There are also smart TVs and air conditioning units in all the bedrooms and living rooms.
The house hosts a stunning marble and stone staircase at it's heart. The house is perfect for use by a large family or as a hostel, with plenty of space to accommodate guests.
This is a rare opportunity that offers various possibilities for savvy investors.
Don't miss out. Contact us today to schedule a viewing!
here - REF: C3845
