The cost for 3 cottages with tourism rental licenses near Espiche is currently €1,600,000. These properties are strategically located just 1.5km from the nearest beaches in Praia da Luz, and they come equipped with a communal swimming pool and a vast agricultural plot for cultivating grapes used to create award-winning wines. Each cottage boasts three bedrooms, a bathroom, and a fully fitted kitchen, perfect for buyers looking for a lucrative investment in the Algarve region.
Positioned close to amenities and recreational areas, including golf courses, this property is ideal for those seeking a profitable rental venture or a holiday getaway. Not only does this estate provide excellent rental revenue potential, but it also offers ample outdoor space for leisure and relaxation during your stay. The investment also benefits from easy access to the motorway leading to Faro airport, making travel convenient for guests.
The surrounding area is rich in local attractions, enhancing its appeal as a holiday destination. Each cottage on the property features individual terracing, parking spaces, and cozy living areas that promote a comfortable and welcoming atmosphere. With a living area of 219m² combined and over 14,000m² of land, this estate provides significant potential for expansion or diversification of income streams through tourism. Don't miss this opportunity to secure a well-located property with great investment prospects—contact us today for further details!
• 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
