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Which ground floor apartments in Lagos offer great investment potential?

Apartment in Lagos

ref. LE2211
295.000€ 274.000€
  • C
  • 0
  • 1
  • 46m2

This ground floor studio apartment in Lagos is an excellent investment opportunity, especially due to its prime location and rental potential. Priced at €274,000, it includes 46.3m² of living space and an expansive terrace to enjoy the marina views. With a track record of generating substantial rental income, estimated at over €29,000 annually, this property is highly sought after. The apartment is fully furnished and features a modern galley kitchen, making it ready for immediate rental or personal use. Moreover, it's conveniently situated near local amenities, beaches, and the historical centre of Lagos. Investors will appreciate its balanced lifestyle appeal and strong occupancy rates. Don’t let this opportunity pass you by; contact us to arrange your viewing of this fantastic investment property!

Usage
Residential
Type
Apartment
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
2006
Rooms
2
Bedrooms
0
Bathrooms
1
Floors
1
Furnished
Fully
Living Area
46 m²
Usable area
79 m²
Balcony/Patio area
13 m²
Tarmac
Garage, Underground Garage, Parking outdoors
Open Plan
Balcony/Terrace
Fully Fitted, Fully Equipped
Storage
Bathroom
Elevator, Intercom, Cable/Satellite TV
Mains electric, Mains water, Mains drainage
Double glazing, Manual Shutters/Blinds
Optional communal pool, Communal
Town View, Marina View
• Exclusive with Togofor Homes
• Living Area 46,3m²
• Total Construction Area 78,6m²
• 1 Bathroom
• Allocated underground Parking
• Located 3.5km from Meia Praia beach

This ground floor marina apartment has generous a modern fully fitted Galley kitchen, ample terrace area accessible from the living and kitchen area. Located within easy reach of all of Lagos’ amenities and giving wonderful views of the marina and river with its cosmopolitan, laid back lifestyle making it perfect as a holiday getaway or future investment property.

These properties are in high demand, so don’t miss this opportunity!

The apartment comprises:
• Open-plan living/bedroom area
• Bathroom
• Fully fitted, fully equipped galley kitchen

External:
• Ample Balcony of 13m²,
• Allocated underground parking space

Amenities

• 3 in 1 Air conditioner in living area
• Double glazing
• Manual shutters
• Entry Intercom
• Elevator
• Electric door to underground garage

Location

• Beach 3.5km Meia Praia, 1.8km Praia da Batata
• Golf 4.5km, Palmares
• School 2km
• Faro Airport 92km

Other Info

Access to communal pool for annual fee.
Apartment condominium fees 432€ per year.
Property was rented. The total gross income from rentals for 2023 was 29,629.72€
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