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Investment opportunity for Touristic use, near Lagos, West Algarve

4,409,000 $
2,656 $ /m²
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Total area: 1,660 m² Land area: 3,102 m² 2 bedrooms 20 bathrooms
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Features
  • Built in 2002
  • Total rooms: 20
  • Balcony or terrace
  • Furnished
  • Golf course
  • Swimming pool
  • Sea view

• Business project

• Rental opportunity

Located in a sought-after area with great views, just 400 meters from Porto do Mos beach.

There are currently 18 double rooms with en-suite bathrooms and balconies, lobby, reception, dining area, laundry and commercial kitchen space. Plot size is 3102m² and construction area is 1660m².

This opportunity has various possibilities. There was a project to alter/expand and renovate the hotel with several options. The Town hall of Lagos allows for Services/Hotel/Tourism (all now subject to new planning permissions).

The property does need some renovations and is a work in progress.

Features

Parking: Parking outdoors

Equipment: Lift

Pool: Swimming Pool

Views: Sea View

Amenities

Energy Certificate: C

Location

• Beach 400 m

• Golf 1.7 km

• Airport 90 km

Statistics in Lagos

Price per m², $
2,120
Healthcare efficiency level
8
Crime rate
35
Real estate Price, $
Apartment in the city centre, m² 2,119.81
Apartment in a bedroom community, m² 1,608.57
Transport Price, $
Public transport, 1 ride 1.58
Monthly travel card 25.44
Taxi, 1 km 0.72
Petrol, 1 l 1.68
Food Price, $
Water, 1.5 l 0.61
Milk, 1 l 0.75
White bread, 500 g 1.07
Eggs, a dozen 1.84
Chicken fillet, 1 kg 6.25
Education Price, $
Kindergarten, per month 380.63
International school, per year 8,140.08
Health care index
Attitude towards patients 75.0
Security index
Crime rate 12.5
The risk of being robbed 50.0
The risk of car theft 25.0
The risk of break-in and property damage 37.5

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Kseniya Kolesnikova
Kseniya Kolesnikova
Real Estate Expert Tranio in Lagos
+44 17 4822 0039
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