Prime Investment Opportunity in the Historic Centre of Lagos

Situated in the heart of Lagos’ charming Old Town, this well-located property presents a compelling opportunity for investors or those seeking a versatile pied-à-terre with proven rental performance. The building comprises two independent T1 apartments, each with its own private entrance and an active Alojamento Local (AL) licence. Together, the units offer a total built area of 113 m², with each apartment measuring approximately 52 m², plus a 9 m² patio at the rear. Both apartments are currently being successfully rented on a short-term basis, generating solid and consistent income in one of the Algarve’s most in-demand rental markets. The property enjoys sea views and is located just steps from local restaurants, shops, beach and cultural landmarks, offering guests a vibrant lifestyle in a truly privileged setting. Adding further value, the property benefits from approved planning permission to build a third floor, providing scope for future expansion or additional accommodation. This is a rare opportunity to acquire a property with immediate income, development potential, and an unbeatable location in the historic centre of Lagos.