Description

An investment property in the heart of Lagos, currently operating as one of the city’s premier guesthouses, with extraordinary potential for appreciation and expansion.

Located in the historic center of Lagos, one of the most sought-after and vibrant cities in the Algarve, this property stands out for its excellent location and high potential for tourism. Currently operating as a highly successful short-term rental, the building features eight elegant double rooms, all with private bathrooms, complemented by a one-bedroom apartment on the top floor, intended for residential use.

An expansion of the accommodation capacity on the upper floor was recently approved, allowing for the creation of a total of 13 rooms. This added value paves the way for converting the property into a hotel, significantly enhancing its profitability potential. The ground floor also offers the possibility of developing a bar and restaurant space, adding a new dimension to the business and providing a unique experience for guests.

The property also features a garage and storage areas on the ground floor—a rare and highly valued feature in such a central location.

Just a few minutes’ walk from the beaches, the marina, restaurants, local shops, and all essential services, this is a unique opportunity for investors seeking a well-established asset with a proven track record of success and high growth potential in one of the Algarve’s most iconic locations.