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What is the cost of a property with three cottages and a vineyard in West Algarve?

Guesthouse in Praia da Luz

ref. LW1100
1.498.902CHF
  • E
  • 9
  • 3
  • 219m2
  • 14.400m2
  • Vineyard
  • Alojamento Local

The property with three cottages and a vineyard in West Algarve is for sale at €1,600,000. This unique estate not only includes three fully-equipped cottages, each with tourism rental licenses, but it also features a thriving vineyard, renowned for producing regional award-winning red wine. Situated near Espiche and Almadena, this property benefits from a prime location just 1.5km from stunning beaches and close to essential amenities, including golf courses and local shops. The total land area of 14,400m² provides ample space for outdoor activities, while the communal swimming pool offers a refreshing escape during the hot summer months. Each cottage boasts three bedrooms, a bathroom, a kitchen, and comfortable living areas, making them ideal for holiday rentals or long-term stays. Additional amenities include carports, storage areas, and landscaped gardens. This investment opportunity is perfect for buyers looking to establish a guesthouse or expand their current rental portfolio. With the nearest major town of Lagos only 5km away and several golf courses nearby, this estate promises a lucrative return on investment. Don't miss your chance to own a piece of Algarve's beautiful countryside. Contact us to schedule a viewing today!

Usage
Residential
Type
Guesthouse
Town
Praia da Luz
Parish
Luz
Municipality
Lagos, Faro
Region
Algarve (West)
Construction Year
1980
Renovation Year
2011
Rooms
15
Bedrooms
9
Bathrooms
3
Floors
1
Furnished
Fully
Living Area
219 m²
Usable area
291 m²
Plot Area
14.400 m²
Driveway, Country Road
Parking outdoors, Carport
Lounge/Dining
Garden Terrace
Fully Fitted, Partially Equipped
Storage
Cable/Satellite TV, Internet/Phone
Mains drainage, Mains electric, Mains water, Borehole
Manual Shutters/Blinds
Private, Lighting
Landscaped, Natural, BBQ
Storage Shed
Countryside View
Vineyard
• 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
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