Investing in commercial rental property near Praia da Luz has never been more enticing with this opportunity featuring three cottages, each equipped with tourism rental licenses. These properties are strategically located just 1.5km from the stunning beaches, making them an attractive option for holidaymakers seeking relaxation and convenience. Priced at £1,600,000, these cottages present a strong potential for rental income during the peak seasons. Each cottage consists of 3 bedrooms, a spacious living area, and access to communal facilities including a swimming pool, perfect for enhancing guest experiences. The surrounding area also includes a productive vineyard that produces award-winning wine, allowing for an additional revenue stream. With over 14,000m² of land, there are ample opportunities for further development or expansion of the rental business. Investors will benefit from a prime location close to amenities, golf courses, and motorways for easy access to Faro airport. Given the increased traveller interest in the Algarve region, this property stands as a smart choice for generating a solid return on investment. Don't miss out on this chance to own a successful rental business in one of the region’s most cherished locations. Schedule a viewing today to see the potential for yourself!
• Operating Business
• Plot 14400m²
• Living area 219m²
• All 3 cottages complete with tourism licenses
• Close to amenities, beach and golf
• Good rental revenues
• Nearest Beach: 1.5km
These properties are located a few kilometres outside of Lagos, a short distance from local shops, golf courses and the coastline along with its beaches.
Each cottage has 3 bedrooms, a bathroom, kitchen and living area as well as carport and storage space. There is also outside space, terracing and a communal swimming pool so that the area can be enjoyed in the holiday season too.
Surrounding the properties are over 14,000m2 of land used to cultivate grapes to make regional award-winning wine. This estate can be easily accessed from the main road, and with parking spaces onsite, this would make a perfect commercial rental opportunity.
Amenities
• Mains water and borehole
• Storage
• Carport
• Shutters
• Open fireplace
• Sat-TV and Internet
Location
• Distance to Sea: 1.5km
• Nearest Beach: 1.5km
• Nearest Golf: 2.5km
• Airport: 68km
• Nearest School: 500m
• Nearest major town (Lagos): 5km
