Investing in this property with transformation potential in Lagos is an excellent choice. Located across from Meia Praia beach, this unique two-storey home offers a spacious 176 m2 living area and sits on a generous construction plot of 339 m2 with untapped potential. With its past as a restaurant and a current habitation license, this location is primed for a remarkable transformation into a private residence.
The design allows you to create personalized spaces, including a large master bedroom with en-suite and a fantastic open-plan living environment that optimally utilises the stunning panoramic coastline views. You'll also appreciate the outdoor features, including a wrap-around terrace and private decking, which enhance both usability and enjoyment in the Algarve sun.
The property currently offers a strategic investment opportunity, particularly due to its close proximity to Lagos town and various amenities, from shops to leisure activities. Moreover, the development of a new high-spec resort next door suggests rising property values in the area, providing excellent potential for return on investment. Seize this chance to craft your dream coastal home! Contact us to learn more about this remarkable opportunity.
• Living Area 176 m2
• Construction Area 339 m2
• Plot 213 m2
• Master Bedroom
• Private Terraces
• Private Decking area
• Distance to the Beach 160 m
Situated across from Meia Praia beach, this property boasts wonderful features, including fully glass patio doors on two sides on the ground floor and glass-enclosed terrace on the first floor, ideal for enjoying the panoramic sea views in all seasons. The outside areas offer a ground floor wrap around terrace and a raised private deck area that could accommodate a bbq and jacuzzi area. The existing rooms could be transformed into a large master bedroom with en-suite, an open planned living area, overlooking the sea and a large kitchen and dining area with wrap around balcony overlooking the decking area. In Addition, there is a large basement which could be transformed into different areas, (office, wine cellar, gym ) as well as an additional room to be used as a guest room / office space.
The property consist of:
Ground level - Upon Entrance
• Entrance hall
• Bar and dining area with glass patio doors
• Male and female toilets
• Office / kitchen space leading to outdoor wraparound terrace
First Floor
• Large Industrial kitchen and serving area ( Master Bedroom and en-suite )
• Open planned living area
• Fully glassed internal terrace
Outside Areas
• Wrap around back terrace
• Raised decking area
• Wrap around front balcony
• Private parking
Amenities
• Private Terraces
• Double Glazing
• Air Conditioning 3 in 1
• 2 car spaces in garage and parking spaces outdoor
• Fire alarm
• Combo water heating
• Resort facilities ( reception and pool )
Location
• 160 m from the Beach ( Meia Praia)
• 2.9 km to Lagos town
• 3.5 km to nearest golf course ( Palmares )
• 2 km to nearest school
• 82 km to Faro airport
Other Info
The property will also benefit from a new high spec resort as its neighbour which is estimated to take 2 years to complete. Once finished the resort will have 2 tiers of modern hotel and apartments and to the side of the property, it will have manicured lawns.
