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Which Algarve properties offer both residential living and commercial rental potential?

Guesthouse in Praia da Luz

ref. LW1100
18.079.312NOK
  • E
  • 9
  • 3
  • 219m2
  • 14.400m2
  • Vineyard
  • Alojamento Local

Discover a stunning property that beautifully combines residential living with commercial rental potential in West Algarve. This estate encompasses three separate cottages, each granted tourism rental licenses, making them ideal for long-term or holiday rentals. Offering a perfect lifestyle balance, you can enjoy living in one of the cottages while renting out the others for income.

Located near Espiche, the estate is just 1.5 km from gorgeous beaches and close to local amenities. The property features a total of 14,400 m² of land, providing extensive rural surroundings and the opportunity for personal customization or expansion. Each cottage boasts three bedrooms and communal access to a well-maintained swimming pool, ensuring comfort for residents and vacationers alike.

With additional advantages such as proximity to grocery stores, restaurants, and stunning golf courses, potential guests will appreciate the convenience and attraction of this location. Furthermore, the existing vineyard enhances the property's allure — perfect for those looking to enter the wine business or offer wine-tasting experiences for guests. This incredible opportunity should not be overlooked; contact us today to learn more!

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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