Unfinished house for sale – ID 2220914

Located in the premium area in Atalaia, close to the Boa Vista Golf Course and a few minutes' drive from the beaches in Lagos, this 3,400 m² property represents an investment opportunity with high potential in the Algarve tourism sector. The property consists of 18 autonomous units studios, T1 and T2 equipped with private bathroom, kitchen and air conditioning, in a configuration already designed for tourist exploration. The common areas, with swimming pool, gardens and outdoor leisure areas, give the set the essential attributes to attract guests and maximise profitability. The location is one of the main assets: a few minutes from Porto de Mós Beach, the Boavista Golf Course and the historic centre of Lagos, the property is part of a market with solid tourist demand and transversal to all seasons of the year. Although it needs deep renewal, it is precisely in this process that the opportunity lies - to reposition the asset, add value and take advantage of a market with a still limited quality supply and with consistent long-term upside prospects. The project admits different approaches: maintenance as a Local Accommodation unit, conversion into a Boutique Hotel or transformation into a luxury private residence. A versatility that translates into multiple exit strategies and a more secure and adaptable investment base. Energy Rating: D #ref:V1031

3 bedroom house

Lagos, Algarve, Portugal