Investment building with 3 apartments and shop
In the heart of Lagos, close to the marina and historic centre, this fully renovated building comprises three two-bedroom apartments and one commercial unit. An investment opportunity in one of the Algarve’s most sought-after locations, combining multiple income streams within a single asset.
With 476.4 square metres of gross construction area and 436.5 square metres of gross private area, the building is in excellent condition and requires no renovation works. The different units comprise a total of six bedrooms and four bathrooms.
The building consists of three two-bedroom apartments and one commercial unit, with all units available for separate sale, offering flexibility to investors. At approximately 3000€/m², the property is priced well below the average level in Lagos, particularly considering its prime location.
The apartments generate consistent returns and have excellent guest reviews, with an approximate yield of 9%. The commercial unit and four parking spaces also contribute to the income generation, further enhancing the asset’s investment potential. The property also benefits from a private terrace.
Location is one of its key features: it is within walking distance of the marina, waterfront, restaurants, shops and services, as well as supermarkets, schools and healthcare facilities. Its proximity to the main access routes and railway station makes it easy to travel to other parts of the Algarve.
The combination of a historic-centre location, a fully renovated building requiring no works, a highly competitive price per square metre, proven rental performance, multiple income streams, parking and the possibility of selling the individual units separately makes this property a particularly attractive investment opportunity.
