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Why is buying a cottage near Almadena a great investment opportunity?

Guesthouse in Praia da Luz

ref. LW1100
1.600.000€
  • E
  • 9
  • 3
  • 219m2
  • 14.400m2
  • Vineyard
  • Alojamento Local

Buying a cottage near Almadena is a fantastic investment opportunity due to its strategic location and excellent rental potential. The three cottages currently for sale offer not only comfortable accommodation but also tourism rental licenses, ensuring a steady income from holiday lettings. Located close to amenities and just 1.5 km from stunning beaches, this property attracts both tourists and those seeking a retreat in beautiful Algarve. The estate includes a large vineyard producing award-winning wines, allowing you to combine leisure with profitable agriculture. Each cottage contains three bedrooms, a private living space, and access to a communal swimming pool, perfect for families or larger groups looking to holiday in this idyllic setting. The property's proximity to golf courses and easy access to the motorway to Faro airport further enhances its attractiveness as an investment. With a plot size of 14,400 m², this estate also allows for future developments, making it perfect for those looking to maximise investment returns. Don’t wait too long—contact us now to explore this incredible opportunity!

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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