ApartmentEstômbar (Portugal)

Price :

$2,059,100

USD

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

Surface420 m²bathrooms12 land4,600 m²

Excellent Real Estate Investment Opportunity in Lagoa, AlgarveWe present a magnificent property located in Lagoa, Algarve, just 100 meters from the famous Slide & Splash water park. This residence is an excellent investment opportunity, offering great potential for profitability. With a land area of 4600m² and a construction area of approximately 800m², this property is ideal for various purposes, including the creation of a retirement home or transformation into a local accommodation with space for a restaurant.Property DetailsTotal Land Area: 4600m²Built Area: 800m²Number of Bedrooms: 17Restaurant Space: Available, perfect for providing meals to residents or guests.Property Condition: Requires rehabilitation, allowing new owners to adapt the spaces to their taste and desired business.Location: 100 meters from Slide & Splash, Lagoa, Algarve.Investment and Profitability PotentialThis property offers numerous possibilities for profitability. With 17 double bedrooms, it can be transformed into local accommodation, meeting the high tourist demand in the region. Alternatively, the space can be converted into a retirement home, providing a safe and comfortable environment for the elderly, with all necessary amenities.The restaurant space is a valuable addition, allowing for the creation of a complete dining service for guests or residents, further increasing profit potential. As the property requires rehabilitation, new owners have the unique opportunity to customize and adapt the spaces according to their specific needs and business vision.Nearby Points of InterestSlide & Splash: This water park is one of the main tourist attractions in the region, attracting thousands of visitors throughout the year. The proximity to the park increases the property's appeal as a tourist accommodation.Algarve Beaches: Some of the most beautiful beaches in the region are a short drive away, including Praia da Marinha and Praia de Benagil.Golf: Several renowned golf courses, such as Gramacho and Vale da Pinta, are nearby, attracting golf enthusiasts from around the world.Lagoa: The town of Lagoa offers a variety of services, including supermarkets, pharmacies, restaurants, and shops.Carvoeiro: A picturesque fishing village with vibrant nightlife and numerous dining and bar options.Lagos: The historic city of Lagos, with its ancient walls, marina, and local market, is a short drive away.Portimão: Known for Praia da Rocha and the racetrack, Portimão is a bustling city with many entertainment and leisure options.This property is a unique investment opportunity in the heart of the Algarve, combining a strategic location with great potential for profitability. Whether to create successful local accommodation or a retirement home, the possibilities are vast. The proximity to tourist attractions, beaches, and local services makes this residence an excellent choice for any investor. The need for rehabilitation allows for complete customization, ensuring the property perfectly meets your needs and expectations.Contact us to schedule a visit and discover the full potential of this incredible property!