This desirable property featuring three cottages and a communal swimming pool is currently for sale at €1,600,000, presenting an excellent value for buyers in the Algarve market. Each cottage comes equipped with tourism rental licenses, offering an immediate opportunity for generating income through holiday rentals. Perfectly situated near Espiche, this estate is also just 1.5 km from stunning beaches, which makes it an attractive investment for those looking to tap into the thriving vacation rental sector.
Spanning an impressive 14,400 m², buyers can enjoy the comfort of a spacious living area of 219 m² along with beautifully maintained outdoor spaces. The cottages each contain three bedrooms, making them perfect for accommodating families or groups. Additionally, the communal pool provides an attractive leisure space for guests, enhancing the holiday experience.
The property's close proximity to golf courses, restaurants, and shopping in Lagos elevates its appeal for vacationers. Furthermore, with its reliable rental revenue potential, this property represents a wise investment as a source of passive income. Take advantage of this unique opportunity to own a piece of Algarve’s real estate. Inquire today to find out more about this exceptional property!
• Operating Business
• Plot 14400m²
• Living area 219m²
• All 3 cottages complete with tourism licenses
• Close to amenities, beach and golf
• Good rental revenues
• Nearest Beach: 1.5km
These properties are located a few kilometres outside of Lagos, a short distance from local shops, golf courses and the coastline along with its beaches.
Each cottage has 3 bedrooms, a bathroom, kitchen and living area as well as carport and storage space. There is also outside space, terracing and a communal swimming pool so that the area can be enjoyed in the holiday season too.
Surrounding the properties are over 14,000m2 of land used to cultivate grapes to make regional award-winning wine. This estate can be easily accessed from the main road, and with parking spaces onsite, this would make a perfect commercial rental opportunity.
Amenities
• Mains water and borehole
• Storage
• Carport
• Shutters
• Open fireplace
• Sat-TV and Internet
Location
• Distance to Sea: 1.5km
• Nearest Beach: 1.5km
• Nearest Golf: 2.5km
• Airport: 68km
• Nearest School: 500m
• Nearest major town (Lagos): 5km
