For buyers seeking properties in Algarve which offer both land and rental income potential, look no further! This remarkable estate features three cottages with tourism rental licenses, perfect for generating consistent rental income. Located near Espiche, the property boasts approximately 14,000 m² of land, part of which is dedicated to a commercial vineyard that produces award-winning wines. The cottages, each with 3 bedrooms and ample living space, are situated just 1.5 km from beautiful beaches which significantly enhance their rental appeal. The shared communal swimming pool provides an ideal setting for relaxation during the summer months. Priced at €1,600,000, this investment presents a superb opportunity combining agriculture and tourism. Close to golf courses and local amenities, the cottages are in a prime location that the tourist market seeks. The community atmosphere and surrounding natural beauty make this a desirous location for both visitors and buyers alike. This property not only serves as an investment opportunity but also promises a charming lifestyle amid the beautiful Algarve landscape. Embrace the opportunity to own a part of this stunning region – contact us for more 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
