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Large Villa for sale, Lagos, Algarve

Villa in Lagos

Ref:  4902  |  Bedrooms:  8

€ 695.000  |  £ 608.443
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Villa with potential for holiday lettings

Large Villa for sale with high potential for holiday lettings, located in an established residential area in Lagos town, within easy reach to all local amenities and to several beaches.
The property has been extended and refurbished in 2016.
It is licenced for local lodging establishment (alojamento local).

The PROPERTY has been CONVERTED INTO
3 self-contained APARTMENTS and the MAIN HOUSE, comprising:

MAIN HOUSE with 3 bedrooms:
•Separate entrance at toplevel with terrace (´first floor´ with direct street access)
•Living room with fire place and dining area
•2 bathrooms
•Office
•Kitchen
•Hallway
•Wooden staircase leading to a large roof terrace and 3 side terraces, one with barbecue, - extra dry storage on roof terrace

1st APARTMENT - (approx. 105 m2) WITH 2 BEDROOMS:
•Separate entrance at ground floor with terrace in front and direct access to the street.
•Big living room with dining area (currently in use as communal bedroom)
•2 bathrooms
•Kitchen area has been turned into extra bathroom facilities

2nd APARTMENT - (approx 105 m2) WITH 2 BEDROOMS
•Separate entrance at ground floor with terrace in front with direct street access.
•Living room (currently in use as communal bedroom)
•1 bathroom
•Kitchen with dining area

3rd APARTMENT - (approx. 35 m2) WITH 1 BEDROOM
•Separate entrance at ground floor with terrace in front with direct street access.
•Living room with kitchen and dining area
•1 bathroom (accessible for the disabled and wheelchairs)

EXTRA APARTMENT space next to swimming pool, partly open, fully covered (approx. 35 m2):
•Currently in use as a bar and lounge room, with its separate entrance at ground floor level with a terrace in front and right next to the swimming pool.

The whole house and all the 3 apartments have build in wooden cupboards in all bedrooms.
All units have separate warm water facilities, sufficient electricity and water supply and air conditioning systems (7 in total and 1 spare unit).

OUTSIDE, GROUND FLOOR:
• LAUNDRY ROOM with washing machine and a dryer.
• SHED (approx. 2 x 3 m) for storage/tools/ etc. with a small separate room for the pump of the swimming pool with its water filtering system and time clock.
• There are 2 more lockable closets outside.
•GAME ROOM AREA is under a roof construction which makes it accessible all year round. This space can also be used as a covered parking for 4 cars instead.

SWIMMING POOL:
• The pool has a depth ranging from 90 – 190 cm and measures approx. 3,50 x 7,50 m.

The property is rented out and having tenants. It is possible taking over the rental contract, (or you can end the rent with a 6 month notice).


General Features

  • Year:  1986
  • House Area:  -
  • Plot Area:  690 m2
  • Pool:  Yes
  • Bedrooms:  8
  • Bathrooms:  6
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Distance in minutes

  • Town:  5min
  • Beach:  5min
  • Golf:  5min
  • Restaurants:  5min
  • Shopping:  5min
  • Airport:  50min
Celia Guerreiro

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