R. Gago Coutinho 28, 8600-593 Lagos, Portugal, Lagos, Faro 8600-580

Building comprised of six residential apartments and one commercial space, fully renovated in the heart of LagosProperty Overview:- 6 Residential Apartments across three upper floors;- 1 Ground-floor Commercial Unit (leased to a long-standing tenant);- Private terraces or outdoor spaces for every unit;- Comprehensive renovation in progress, including: oNew Quickstep Oak flooring; oFull electrical and fiber internet upgrades; oNew kitchens and bathrooms (as applicable); oNew double-glazed windows, balcony doors, and electric shutters; oCustom-fitted wardrobes; oDaikin air conditioning throughout; oImproved ventilation systems; oAll walls and ceilings repainted (Robbilac 2I22 Crystal). Residential Units BreakdownFirst Floor:- Studio A (32 m) - With private terrace, new kitchen, and patio access through new French doors.- Studio B (45 m) - Generously sized studio with new kitchen, new bathroom, and private terrace.- T1 C (45 m) - One-bedroom apartment with elevated terrace directly accessible from the new kitchen.Second Floor:- Studio D (27 m) - Compact and modern with new kitchen and small private outdoor space.- T2+ Apartment E (65 m + 22 m terrace) - Spacious two-bedroom, two-bath unit with extended open-plan kitchen/living area and a large private terrace.Third Floor:- Studio F (25 m + 13 m terrace) - Charming top-floor studio with its own outdoor retreat.All units come fully fitted with kitchens or kitchenettes and benefit from efficient layouts and ample natural light.Commercial UnitGround Floor:- Fully Leased on a 5-year contract (since December 2024);- 3, 100/month rental income (37, 200/year);- Occupied by a well-established restaurant tenant with local roots dating back to 1989;- Now expanding operations to include a retail shopfront. Additional Highlights:- AL (Alojamento Local) license in place for up to 14 beds;- Ideal for short-stay rentals, long-term leasing, or flexible hybrid income;- Significant capex already invested investor-ready with upside potential.Investment Potential:Whether you're an investor seeking healthy yields, a developer looking to finish a project with strong fundamentals, or an operator entering the hospitality market, this property offers:- Immediate cash flow from the commercial unit;- High rental demand in a desirable area;- Turnkey renovation scope with premium finishes;- A ready-to-activate short-term rental license.Note: The renders / pictures displayed are not real pictures. They are just renders. For realistic images, please ask accordingly.About the Location: Lagos, located in the western Algarve, is one of Portugal's most vibrant and desirable coastal towns, known for its stunning beaches, historic charm, and strong year-round appeal. With its dramatic cliffs, golden sands, and crystal-clear waters, Lagos offers some of the most iconic scenery in the region, including the famous Ponta da Piedade rock formations. Beyond natural beauty, Lagos boasts a well-preserved old town filled with cobbled streets, boutique shops, and excellent restaurants, blending modern lifestyle with authentic Portuguese culture. It's also a hotspot for water sports, from surfing to kayaking, and benefits from a warm climate throughout the year. For investors and second-home buyers, Lagos stands out for its steady tourism demand, strong rental yields, and growing international community, making it both a lifestyle haven and a solid real estate opportunity. Energy Rating: B #ref:EDI_7425