An Algarve investment opportunity with three tourism-licensed cottages and established rental potential is available near Espiche for €1,600,000. The property includes nine bedrooms in total, a communal swimming pool and an operating holiday accommodation business. Set on 14,400m² of land in the West Algarve, it is suited to buyers seeking licensed tourism income alongside agricultural potential. Each of the three cottages provides three bedrooms, a bathroom, a kitchen and a living area. Guests also benefit from terraces, carports and storage space. The communal pool creates an appealing focal point during the summer season. The surrounding vineyard is used to produce regional award-winning red wine. This combination of holiday accommodation and grape cultivation gives the estate a distinctive commercial profile. The tourism licences for all three cottages are an important advantage for investors. Existing good rental revenues are noted in the property information, although buyers should verify the accounts and operating costs. The location near Espiche and Almadena provides access to shops and local services. Beaches near Praia da Luz and Burgau are approximately 1.5km away. Golf courses can be reached within roughly 2.5km. Lagos is only about 5km from the property and offers a wider range of dining, shopping and leisure facilities. Faro Airport is approximately 68km away, supporting international guest access. The estate has direct access from the main road and on-site parking for visitors. Mains water, a borehole, storage, internet and satellite television support day-to-day management. Buyers looking for an Algarve rental business with lifestyle appeal should arrange a full financial and licensing review. Contact us today to schedule a viewing of this licensed investment property.
• 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
