Land for sale in Lagos, Portugal — €1,600,000

About this land

Guesthouse with Residence or Large Home in Lagos. HOUSE WITH 700M2 AND LAND WITH 850M2. 2 HEATED POOLS 12 BEDROOMS 11.5 BATHROOMS VERSATILE LAYOUT The property is set on a large plot of approximately 850m2 and the house is approximately 700m2. The property has ocean views and is set in a tranquil area with an easy walk of a few minutes to restaurants and a mini market. This property has 12 bedrooms over 3 levels. The house is fitted with heating / cooling. 10 bedrooms have an ensuite and many have a balcony. There is a large commercial kitchen and also a smaller kitchen, a large stock room, 500 plus wine cellar and a 4 car garage. The property has well appointed living spaces, and a large rear balcony overlooking the pool with ocean views. The perfect way to enjoy the Algarvian lifestyle. The property was previously used to run a very successful guesthouse of 8 bedrooms with a family dwelling. The guesthouse was closed due to the pandemic. The property can be sold with furnishings and all other stock to easily re-launch the guesthouse. The property can easily be configured to have further guest rooms or increase the dwelling size. The guesthouse business was highly automated and very profitable. Further information including financials can be provided on request. The property has a delightful and relaxing front sun bathing garden including heated salt water pool and outdoor shower. There is a second larger heated pool with outdoor shower in the rear garden of the property. There is also a gas BBQ area with a sink. There are side gardens, one of which has a children’s playground. The garden’s gates can be opened to allow for guest house patrons use or closed to provide a private pool, BBQ and playground for the dwelling. The property has numerous features, many of which help to make the running of a guesthouse more automated and simple. These include video access to different areas of the property including the front gate. A doorbell camera / communication system allows the user to easily view and communicate with people that ring the external and internal doorbell. The user can answer the doorbell from their phone or other internet enabled device. External and internal doors used as guest rooms have PIN code / card access. This allows for guests to self check in. In case of any questions, the patron can communicate via the doorbells. All guesthouse rooms are set up with fridge, coffee/tea facilities, glasses, tea and coffee cups, towel racks, iron and iron board, information about the area including restaurants, getting to town and things to do in Lagos and the surrounding area. The laundry and basement area are set up to accommodate sheet and towel laundering for guests. There is a hanging area in the back garden. The property can be sold ready to quickly and easily relaunch. The running of the business was very efficient and streamlined. The guesthouse had a 9.5/10 rating on Booking.com and a 7/107 rating in Lagos B&Bs on Tripadvisor. There is currently much under utilised space in the property. There is the option to further develop the lower level or develop a rooftop terrace. The guesthouse business could be greatly expanded. For example, the guesthouse did not offer breakfast but this may be an option for the future. The property is for sale by the owner. Please, no enquiries from agents. Only private enquiries. This property is located in one of the most desirable areas of Lagos;