The nine-bedroom guesthouse with tourism rental licences and 14,400m² of land in the West Algarve is listed at €1,600,000. It comprises three fully licensed cottages, each with three bedrooms, making it suitable for an established holiday accommodation business. Buyers seeking a commercial guesthouse near Lagos can also benefit from a vineyard, swimming pool and proximity to the coast. Every cottage includes a bathroom, fitted kitchen and lounge or dining area. Separate carports and storage facilities help support day-to-day operation. Terraces provide private outdoor space for guests to dine and unwind. The communal pool is an important attraction during the warmer months. Vineyard land surrounds the buildings and is used to cultivate grapes for regional award-winning red wine. This combination of accommodation and wine production offers several potential income streams. The business is described as operating and producing good rental revenues. No specific ROI figure is provided, so buyers should request accounts, occupancy data and operating costs. The cottages provide a combined living area of 219m². Their single-storey layout can make guest access and management more straightforward. Mains utilities are supplemented by a borehole, supporting the agricultural setting. Internet and satellite television help meet the expectations of international holidaymakers. The estate is close to local amenities in Espiche and Almadena. Praia da Luz and Burgau offer beaches and coastal leisure approximately 1.5km away. Lagos, the nearest major town, is roughly 5km from the property. Golf is available at approximately 2.5km, while Faro Airport is around 68km away. Contact us to confirm the current price and arrange a private inspection.
• 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
