Building Comprised Of Six Residential Apartments And One Commercial Space, Fully Renovated In The He

Building comprised of six residential apartments and one commercial space, fully renovated in the heart of Lagos

Property Overview:
- 6 Residential Apartments across three upper floors;
- 1 Ground-floor Commercial Unit (leased to a long-standing tenant);
- Private terraces or outdoor spaces for every unit;
- Comprehensive renovation in progress, including:
o New Quickstep Oak flooring;
o Full electrical and fiber internet upgrades;
o New kitchens and bathrooms (as applicable);
o New double-glazed windows, balcony doors, and electric shutters;
o Custom-fitted wardrobes;
o Daikin air conditioning throughout;
o Improved ventilation systems;
o All walls and ceilings repainted (Robbilac 2I22 Crystal).

Residential Units Breakdown
First Floor:
- Studio A (32 m²) - With private terrace, new kitchen, and patio access through new French doors.
- Studio B (45 m²) - Generously sized studio with new kitchen, new bathroom, and private terrace.
- T1 C (45 m²) - One-bedroom apartment with elevated terrace directly accessible from the new kitchen.

Second Floor:
- Studio D (27 m²) - Compact and modern with new kitchen and small private outdoor space.
- T2+ Apartment E (65 m² + 22 m² terrace) - Spacious two-bedroom, two-bath unit with extended open-plan kitchen/living area and a large private terrace.

Third Floor:
- Studio F (25 m² + 13 m² terrace) - Charming top-floor studio with its own outdoor retreat.

All units come fully fitted with kitchens or kitchenettes and benefit from efficient layouts and ample natural light.

Commercial Unit
Ground Floor:
- Fully Leased on a 5-year contract (since December 2024);
- €3,100/month rental income (€37,200/year);
- Occupied by a well-established restaurant tenant with local roots dating back to 1989;
- Now expanding operations to include a retail shopfront.

Additional Highlights:
- AL (Alojamento Local) license in place for up to 14 beds;
- Ideal for short-stay rentals, long-term leasing, or flexible hybrid income;
- Significant capex already invested investor-ready with upside potential.

Investment Potential:
Whether you’re an investor seeking healthy yields, a developer looking to finish a project with strong fundamentals, or an operator entering the hospitality market, this property offers:
- Immediate cash flow from the commercial unit;
- High rental demand in a desirable area;
- Turnkey renovation scope with premium finishes;
- A ready-to-activate short-term rental license.

Note: The renders / pictures displayed are not real pictures. They are just renders. For realistic images, please ask accordingly.

About the Location:

Lagos, located in the western Algarve, is one of Portugal’s most vibrant and desirable coastal towns, known for its stunning beaches, historic charm, and strong year-round appeal. With its dramatic cliffs, golden sands, and crystal-clear waters, Lagos offers some of the most iconic scenery in the region, including the famous Ponta da Piedade rock formations. Beyond natural beauty, Lagos boasts a well-preserved old town filled with cobbled streets, boutique shops, and excellent restaurants, blending modern lifestyle with authentic Portuguese culture. It’s also a hotspot for water sports, from surfing to kayaking, and benefits from a warm climate throughout the year. For investors and second-home buyers, Lagos stands out for its steady tourism demand, strong rental yields, and growing international community, making it both a lifestyle haven and a solid real estate opportunity.
Energy Rating: B
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