Lagos, Portugal (MLS 106220108)

Building for Sale

Lagos, Portugal

  • CA$1,378,149
  • 0 BEDS
  • 0 BATHS
  • 1,420.84 sq.ft. Land
  • CA$1,378,149

Building for Sale

Lagos, Portugal

  • CA$1,378,149
  • 0 BEDS
  • 0 BATHS
  • 1,420.84 sq.ft. Land
  • CA$1,378,149

Key Facts

  • MLS® #: 106220108
  • Property ID: SIRC1968795
  • Original Price: EUR 990,000
  • Property Type: Residential, Multi-Family Home
  • Lot Size: 1,420.84 sq.ft.
  • Year Built: 1951

Property Description

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.

Listing Agents

  • Dário Neto

    O. 351917707990

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Marketed By

Portugal Sotheby's International Realty
Rua do Povo do Burro 3
Carvoeiro, Faro, 8400-502
Portugal

+351 919 056 919

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