Fabulous business opportunity, Apartments and Shops, Lagos center, Algarve.
This two storey imposing property with its beautiful green tiles stands out like a beacon on this busy pedestrian walkway in the lovely seaside town of Lagos.
The property currently operates on the ground floor as an artisanal ice cream parlour in one of the shop units and a cork shop in the other, the two decent sized one bedroom apartments above the shops are utilised at the moment as rental properties.
All in all the shops and the rental apartments give a very healthy return on investment.
The shops downstairs are currently separate units, both with their own bathrooms, but there is the possibility in the future of creating one large shop if that would be your preference.
In terms of size the ice cream parlour has an area of 30 square meters whilst the Cork shop has 72 square meters.
The two apartments which are on the first floor have their own separate entrances, one from the main street and the other down the side street.
Apartment one, which has 44 square meters, consists of a cozy bedroom a living room with a lovely period wooden floor, a fully functionable kitchen and a bathroom.
The second apartment is 59 square meters, this has a living room, study, a bedroom, kitchen and a bathroom. These two apartments can quite easily be transformed into one large apartment, there is also the possibility of building upwards and creating another floor.
If you are looking for a business opportunity in the Algarve or if you are looking for a home in the town center then this property could be ideal for you, within walking distance of the beach and 45 minutes from Faro International Airport.
Plot Area: 132 m2 | 1 421 sq ft
Area: 205 m2 | 2 207 sq ft
Building Area: 205 m2 | 2 207 sq ft
Energy efficiency: C
Two commercial spaces
Two one-bedroom apartments
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Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina.
LIc AMI 9063
- GBP Price: £1,024,195
- EUR Price: €1,170,000
- USD Price: $1,206,036