Commercial in Lagos

Algarve, Portugal

€4,900,000

18 20
Property description

Amazing opportunity to purchase this complex of 18 double bedrooms, lobby, reception, dining area, laundry and commercial kitchen. An excellent location with magnificent views, just 400 metres from Porto de Mos beach. The hotel has four floors, the ground floor being of a greater ceiling height. The hotel is not currently trading and in need of some renovation. There are a number of options in place with permission to increase the number of rooms, or change the format in any of the following ways: Aparthotel with individual self-contained apartments: 23 Self-contained apartments for re-sale or hotel use (2- and 3-bedroom units). Expansion of hotel: To add a second floor and create 9 extra rooms within the existing imprint. Expansion of hotel: To develop the current building via the east and west wing and create approximately 50 hotel rooms. This is an amazing investment opportunity with lots of scope for improvement and expansion. 18 Double bedroom hotel with license Potential for expansion to 50 rooms Sea views Air conditioning Garden Furnished Reception area EC/CE: C

Property Details

Reference lz80645c
Town Lagos
Province Algarve
Country Portugal

Location
Property Type commercial
Built Area 0m²
Plot Area 0m²
Property Features
18 double bedroom hotel with lic...
potential for expansion to 50 rooms
sea views
air conditioning
garden
furnished
reception area

ecce c

This property is listed by:
Additional Services

Similar Properties

Commercial in Lagos

€6,900,000

18 18 1 1660 m2

Commercial in Lagos

€4,900,000

18 20

Commercial in Lagos

€6,900,000

18 18 1 1660 m2