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5+ bedroom villa-hostel with apartments, pool and roof terrace, Lagos, West Algarve

Hotel in Lagos

ref. LG1239
695.000€
  • C
  • 5
  • 5
  • 350m2
  • 690m2

This 2-storey detached property with roof terrace and private pool is in the historic town of Lagos. Close to fabulous beaches, a golf course, the award-winning marina and a huge selection of restaurants, cafes and bars. Currently a surf hostel, it comprises of a 3-bedroom main house plus converted ground floor accommodation providing 3 separate apartments. This fabulous investment opportunity makes great commercial sense as either a large family home, guesthouse or a combination of the two.

Usage
Residential
Type
Hotel
Town
Lagos
Parish
Lagos (São Sebastião e Santa Maria)
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
1986
Renovation Year
2016
Rooms
15
Bedrooms
5
Bathrooms
5
Floors
2
Furnished
Fully
Living Area
350 m²
Usable area
500 m²
Plot Area
690 m²
Driveway, Manual Entrance Gate
Parking outdoors
Lounge/Dining
Balcony/Terrace, Garden Terrace, Roof Terrace
Fully Fitted, Fully Equipped
Storage, Games/TV Room, Annex
Fitted Wardrobe
High Speed Internet, Gas Boiler, Electric Boiler
Manual Shutters/Blinds
Private, Shower
Walled
Pool View, Garden View, Views of surrounding houses
• Fantastic investment & commercial opportunity
• Plot of 690m²
• Construction area of 500m²
• Living area of 350m²
• Huge roof terrace
• Sold with rental licence (Alojamento Local)

This large detached villa with private pool and ample roof terrace is currently run as a surf hostel. Located close to amenities such as restaurants, shops and supermarkets, transport links, the popular historic town centre of Lagos and the fabulous beaches. An attractive and advantageous location; on the edge of the city centre; away from the crowds - but close to everything.

Comprising a total of 15 rooms and 5 bathrooms, the property can be accessed via two street entrances (front & rear). There is a flexible, covered space that is currently used for entertainment/relaxation or it could be an area for 4 cars.

The ‘MAIN HOUSE’ is accessed from the rear street level (first floor) and comprises of:
• Living room with fireplace and dining area
• 3 large bedrooms, 2 bathrooms
• Office
• Large kitchen
• Hallway and beautiful wooden staircase leading to a large roof terrace

The ground floor level has been separated in 3 accommodation units currently comprising of:

APARTMENT 1:
• Separate ground floor entrance with terrace in front and direct street access.
• Big living room with dining area (currently used as communal bedroom in hostel)
• 2 bedrooms, 2 bathrooms
• Kitchen area has been turned into extra bathroom facilities

APARTMENT 2:
• Separate entrance at ground floor with terrace in front with direct street access
• Living room (currently in use as communal bedroom in hostel)
• 2 bedrooms, 1 bathroom
• Big kitchen with dining area

APARTMENT 3:
• 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)
• 1 bedroom area

In addition, there is a space next to the swimming pool, partly open, fully covered. Currently in use as a bar/meeting area/lounge, with a separate entrance at ground level and a terrace in front and right next to the swimming pool.

The whole house and all 3 apartments have built-in wooden cupboards in all bedrooms.
All units have separate hot water facilities and ample electricity and water supply and air conditioning systems (7 in total and 1 spare unit).

This large detached property offers many opportunities, either as a large comfortable family home with additional accommodation for friends and relatives, a purely commercial opportunity for long, or short-term rentals as a guesthouse or a combination of the two with spacious personal accommodation and rental annex possibilities.

It is sold with an Alojamento Local (rental licence) already in place, plus it is fully furnished – meaning rental income can potentially be earned immediately. Early viewing is highly recommended to see the full potential.

Amenities

• Sold fully furnished
• Air conditioning
• Fireplace
• Manual shutters
• Telephone line
• High speed internet
• Mains for water, electricity & sewage
• Storage shed

Location

• Distance from sea 1.6km
• Distance from beach 1.6 km (Praia da Batata)
• Distance from nearest golf 1.5km (Boavista)
• Distance from airport 90km
• Distance to town Lagos centre 0.8km