Investing in tourist rental cottages in Espiche, Algarve, can be a lucrative opportunity, especially with this listing of three cottages at €1,600,000. Each cottage is fully equipped and comes with a tourism rental license, allowing you to tap into the bustling tourist market effectively. Located just 1.5 km from beautiful beaches, these cottages boast high rental potential, supported by the region's popularity with holidaymakers. The onsite vineyard not only enhances the property's charm but can also serve as an attractive feature for tourists looking for local wine experiences. Each cottage offers three bedrooms and a spacious living area, ensuring ample space for guests. The communal swimming pool and well-maintained gardens promise to enhance guest satisfaction. With strong demand for rental properties in this area, you could see a significant return on investment from seasonal rentals. Additionally, being near golf courses and essential amenities adds to its desirability. This is a prime investment for anyone looking to generate a steady income stream in the heart of Algarve. Let us help you explore this investment further. Contact us now!
• 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
