One of the best investment opportunities for residential homes near Meia Praia is this unique two-storey property in Lagos, priced at €950,000. With its proximity to the stunning coastline, just 160 metres away, it stands out in the vibrant property market of the Algarve. The house’s previous use as a restaurant means it holds a habitation license, paving the way for easy transition into a luxurious home or a lucrative rental opportunity. Featuring spacious outdoor areas including private terraces and decking, it offers the potential for fantastic summer gatherings or retreats. Located within a short distance of local shops and restaurants, you will also enjoy both convenience and leisure. The anticipatory rise in property value due to the new high-spec resort next door makes it a savvy investment choice. As the area evolves, returns on your investment promise to grow. The spacious interiors offer plenty of customisation options to tailor the property to your liking, making it perfect for personal use or rental income. Don’t let this opportunity pass you by—take the first step towards securing a profitable investment. Contact us today for more information and to arrange a viewing!
• 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.
