VillaLagos (Portugal)

Price :

$1,162,500

USD

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

Surface176 m²bathrooms3 land213 m²

This extraordinary property, perfectly situated on the beachfront of Meia Praia, offers a rare and versatile opportunity, whether you are seeking a thriving business or envisioning a stunning coastal home with breathtaking sea views.It used to operate as a restaurant within an exclusive development;the property spans two spacious floors plus a large basement, with approximately 30sqm dining rooms on each level. The first floor boasts an elegant, fully glass-enclosed terrace, adding an additional 27sqm, ideal for enjoying the panoramic ocean views in all seasons.The property is fully equipped for a restaurant business, featuring a professionally fitted industrial kitchen, a pantry, a bar, and bathrooms tailored for both staff and guests.The ample basement provides extensive storage space, including areas for refrigeration, a wine cellar, and more, making it ready for immediate operation. Dumbwaiter from top to bottom.For those envisioning a luxurious beach home, the current owners have already secured town hall approval for converting the property from a restaurant to a private residence. This offers the exciting potential to create a fantastic home with at least three en-suite bedrooms, a study, a spacious kitchen, a utility room, pantry, and a large open-plan lounge. Obviously, the expertise of a good architect should be required for this purpose.With the possibility of adding a pool, this would provide ample outdoor living space to enjoy the incredible Algarve climate.The basement could be transformed into a wine cellar, gym, games room, or additional storage, depending on your needs.The property has a cobbled stone walled backyard, and the front deck is ideal for al fresco dining or relaxing while gazing at the sea. Imagine stepping out your door, crossing the street, and having your feet in the sand of one of the most beautiful beaches in the Algarve (5km long ideal for winter walks).Conveniently located just 1.8km from the Marina roundabout and only 800 meters further to reach the town of Lagos, this property offers the perfect balance of tranquility and accessibility. For those who enjoy walking, the vibrant town centreis just a short 2.3km stroll away.Whether you’re seeking a spectacular seaside home or a unique restaurant ready to be reinstated, this is a truly special opportunity to own a piece of paradise on the Algarve coast.