ApartmentLagos (Portugal)

Price :

$1,032,400

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

land132 m²

Upon entering one of the seven gates on the Roman walls that protect Lagos' old town area, and after walking a just few meters' distance on a pedestrian road, one is dazzled by this distinctive classic style two-story building and its long facade lined with emerald green-beveled tiles, stone details, and wrought-iron balconies. Boasting a gross floor area of 205 square meters, this building was renovated four years ago by Mae - Marques Antunes Engenharia studio. Refurbishment works included the replacement of all windows and doors with double-glazed white aluminum structures, and the renovation of the original shutters, ceilings and wooden flooring, as well as of the facade's stones and tiles. The building is comprised in a single title and consists of four independent units, two of which, located on the ground floor, are meant for shops and/or amenities, while the other two, located on the first floor, are meant for housing. Currently hosting a renowned ice cream parlor, one of the stores features sanitary facilities and a gross floor area of 30 square meters. With a gross floor area of 72 square meters, the second store - currently a cork items business - features sanitary facilities and a storage room. One of the apartments offers a gross floor area of 44 square meters and consists of a bedroom and a living room with solid wood flooring, an equipped kitchen, a bathroom, and an interior terrace of about ten square meters with hydraulic mosaic flooring. The other apartment features a gross floor area of 59 square meters, ceramic tile flooring, a bedroom, a room that can be used a bedroom, a living room, a fully equipped kitchen, a bathroom with a bathtub, and an interior balcony. Both the two stores and the two apartments can be easily merged into one. It is also possible to build a penthouse on the second floor (with a previous architectural study for that purpose), making the purchase of this building a safe and versatile investment opportunity, with a real return of more than 6% (when leased). The building will be sold with no tenants or goods.