4 Bed Villa for sale
Lagoa, Algarve, Portugal
£1,009,591 *
[€1,200,000]
Full Description
Lagoa-centre
This impressive early 20th Century two-storey Manor House with a total built area of 663 m² is set in a 331,5 m² plot (that corresponds also to the footprint of the building) in the historic center of Lagoa. While the ground floor with a built area of 254,10 m² currently comprises of 4 shops (62,40 60,30 23 69,50 m²), the first floor with a built area of 268,30 m² hosts 2 apartments (97,60 130,90 m²) and an inner courtyard (18,8 m²) plus access to an addtional roof top terrace (28 m²). The building is centrally located only a few minutes by car to the acess to the motorway and numerous beaches. The bus station and all facilities such as banks, restaurants, schools and public services are in the immediate vicinity. The NOBEL International School as well as the German School can be reached within just 5 minutes and Faro Airport is only a 45 minutes´ drive away.
There are currently 4 shops on the ground floor, each with a separate entrance door. They can either retain their original function as a local business or be converted into apartments. Corresponding projects have already been submitted. The existing 2 apartments on the first floor are built around a charming and shady inner courtyard and have 10 compartments altoghether, 4 bedrooms, 3 bathrooms and a laundry, all equipped and furnished. There is also access to a spacious roof terrace with a built-in BBQ and the outside dining area perfect for entertaining guests and offering great views of Lagoa.
This historical building impresses with traditional features such as wooden parquet and hand-painted stucco ceilings and is a great investment opportunity. Besides the possibility of creating additional living space by converting the shops into apartments, there is also the possibility of turning the building into a charming "Boutique hotel" or Guest House with excellent rental potential right in the heart of Lagoa.
* The feature(s) equipment(s) mentioned in this description are subject to verification and agreement between the vendors and buyers.
-REF: VI-475 - REF: VI-475 - REF: VI-475
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