A nine-bedroom guesthouse with vineyard land near Lagos is offered for €1,600,000. The purchase includes three three-bedroom cottages, tourism rental licences, a swimming pool and a 14,400m² agricultural plot. Located near Espiche in the West Algarve, the estate is approximately 5km from Lagos and 1.5km from the nearest beach. Each cottage has its own bathroom, kitchen and lounge or dining area. The combined accommodation provides nine bedrooms and three bathrooms. With 219m² of living area and 291m² of usable area, the business has substantial space for holiday guests. This is an operating business with reported good rental revenues. The grapevines are used to produce regional award-winning red wine. Buyers therefore acquire both a licensed guest accommodation operation and a working vineyard setting. The swimming pool and garden terraces strengthen the estate’s appeal during the Algarve holiday season. Outdoor parking and carports are available for guests and owners. Storage areas and a storage shed support equipment, linen and maintenance requirements. Mains water is supplemented by a borehole, offering useful water infrastructure for the property and land. The cottages include open fireplaces, shutters, satellite television and internet access. Local shops and amenities are within easy reach of the estate. Praia da Luz and Burgau are nearby coastal towns with beaches, restaurants and leisure facilities. Golf courses can be reached in approximately 2.5km, supporting demand from visitors seeking Algarve golf holidays. The motorway connection helps link the property with Faro Airport, approximately 68km away. Rental performance will depend on management, seasonality and operating costs, but the existing licences provide an important business advantage. Contact us to confirm the current details and schedule a viewing of this guesthouse and vineyard estate.
• 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
