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What investment opportunities are available for properties with land in Espiche?

Guesthouse in Praia da Luz

ref. LW1100
1.600.000€
  • E
  • 9
  • 3
  • 219m2
  • 14.400m2
  • Vineyard
  • Alojamento Local

Invest in a remarkable property with multiple opportunities in Espiche, featuring three beautifully maintained cottages and extensive land. This investment consists of 14,400m² of land that is not just a home but a business venture, including a vineyard and established tourism licenses. With a total price of €1,600,000, this property offers excellent potential for rental income and expansion.

Each of the cottages comes fully furnished, featuring three bedrooms and private kitchenette facilities, making them ideal for hosting guests looking for a countryside retreat. The communal swimming pool adds value by enhancing the rental experience, especially during the busy summer months.

Positioned just 1.5km from the beach and close to local amenities, guests will enjoy the convenience of the coastline and cultural activities within reach. The nearest town, Lagos, is only 5km away, while golf courses and other leisure options are also nearby, catering to guests of all interests.

The vineyard on the property is not only a unique feature but also opens avenues for wine tourism, appealing to guests seeking authentic local experiences. Investors will find the tourism licenses simplify operations, allowing for immediate revenue generation.

This property presents an attractive return on investment thanks to the rising demand in the area for holiday rentals. With further development possibilities, including expanding the vineyards or adding more amenities, the potential here is significant.

Don’t miss the chance to invest in this exceptional opportunity! Contact us now to schedule a property tour.

Usage
Residential
Type
Guesthouse
Town
Praia da Luz
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
1980
Renovation Year
2011
Rooms
15
Bedrooms
9
Bathrooms
3
Floors
1
Furnished
Fully
Living Area
219 m²
Usable area
291 m²
Plot Area
14.400 m²
Driveway, Country Road
Parking outdoors, Carport
Lounge/Dining
Garden Terrace
Fully Fitted, Partially Equipped
Storage
Cable/Satellite TV, Internet/Phone
Mains drainage, Mains electric, Mains water, Borehole
Manual Shutters/Blinds
Private, Lighting
Landscaped, Natural, BBQ
Storage Shed
Countryside View
Vineyard
• 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
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