A spacious house with commercial space, walking distance to beaches and the city centre

To rent or not to rent, that is the question for most property investors in the Algarve. However, with this particular property we present, that won’t be an issue. The property brings unparalleled benefits by offering two types of premises, a large open commercial space for business usage and several independent apartments with official rental licences for family stay or holiday rent. On the ground floor, the sizable commercial space can be used for various types of businesses, because of its superior location on the main route between the historic Lagos city centre and several must-see beaches, such as Pontada Piedade, Praia Dona Ana and Praia do Camilo. More importantly, there are several renowned luxury hotels and resorts within 10 minutes' walking distance. It is an ideal choice to start your own business or rent for a consistent return. Above the commercial space, the roomy semi-detached house has been renovated into a profitable holiday rental business, consisting of three studios, a one-bedroom apartment, and a two-bedroom apartment. Specifically, on the first floor, you will be welcomed by an elegant living room with a traditional fireplace, a fully equipped kitchen and laundry room, two bedrooms with two modern bathrooms. This unit can be used as a family habitation or holiday rental. There is also a studio on the same floor, with a kitchen and a private bathroom. Outside, there is a large terrace and a covered garage. On the second floor, there is a separate one-bedroom unit and a studio, both with equipped kitchens and private bathrooms. On the third floor, you will find the third studio unit with a kitchenette, a bathroom and a terrace with a great city view. This property is distinguished by providing a high potential for profitability and offering all the comfort and convenience of a family residence. It is hard to find another similar property in such a privileged location in a sought-after area. For intelligent investors and well-planned families moving to the Algarve,this property is the ideal choice.