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Prime Investment Opportunity in the Historic Centre of Lagos

€239,000
  • 2 Rooms
  • 1 Bedroom
  • 1 Bathroom
  • ~53 m² Total surface
  • ~53 m² Living area
  • Completion expected November 2026

Description

Fully Renovated Apartment with AL Licence in the Heart of Lagos

This fully renovated and furnished one-bedroom apartment in the heart of Lagos offers an attractive combination of investment potential and personal use. With a valid AL (Alojamento Local) licence, the property is ready to be rented immediately, offering an excellent opportunity for buyers looking to enter or expand within the highly sought-after Lagos holiday rental market.

The current owners can provide five years of rental statistics and guest ratings, offering valuable insight into the property's established rental performance.

With approximately 54 m² of living space, the apartment comprises a comfortable bedroom, a bright living area with a sofa bed, a fully equipped kitchen, a modern bathroom and a private terrace. Air conditioning adds comfort throughout the year.

Its exceptional location is one of the property's key highlights. Situated in the very heart of Lagos, everything the city is renowned for is right on your doorstep. Charming cafés, restaurants, bars, shops, local markets and cultural attractions are all within easy walking distance, while the beautiful beaches of Lagos can also be reached on foot.

Perfectly positioned in one of the Algarve's most popular holiday destinations, this apartment is equally suited as a turn-key investment property, a private holiday retreat, or a combination of both.

A rare opportunity to acquire a fully operational property in a prime central location, with the flexibility to enjoy the apartment yourself while benefiting from its established holiday rental potential.

Features
Air-conditioningBalcony
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Engel & Völkers Lagos

Your advisor: Nils Pulpanek

Property ID: W-04AF2S

Property details
  • Object type

    Flat

  • Rooms

    2

  • Bedrooms

    1

  • Bathrooms

    1

  • Floor

    2

  • Number of Floors

    3

  • Total surface

    ~53 m²

  • Living area

    ~53 m²

  • Building restrictions

    Single Monument Building

Energy efficiency information
  • Construction year

    1985

  • Energy efficiency class

    C

  • Energy certificate available

    Yes

  • Energy certificate type

    Demand certificate

  • Final energy demand

    49.2 kWh/m²a

  • Energy source

    Heat pump

  • Energy includes hot water

    Yes

Location: Lagos, Faro District

About Lagos, ALGARVE It was from Lagos that Gil Eanes set sail, the navigator who proved that the world did not end at Cabo Bojador, and that the sea was not inhabited by monsters! Historically linked to the sea, the city was originally called Lacobriga. Due to its location and economic importance Lagos has become a focal point for the Portuguese Discoveries and was even recognized as the capital of the Kingdom of the Algarve. The strong connection to the sea is maintained and it is in Lagos that is the 1st Marina in the Iberian Peninsula to reach 5 stars. The historic center is almost all pedestrian, providing a wide range of shops, restaurants, bars or cafes. The city benefits from all the factors necessary to enhance an excellent vacation as well as a high quality of life, as it offers the main tourist attractions including the beach, golf, culture, leisure, gastronomy, sports, nature, amongst others. The indisputable quality of life at Lagos has been strengthened by the recognition of one of the most respected reference brands in tourism worldwide, Tripadvisor. The valuation used by this platform, is based on the results obtained from past experiences shared by other tourists worldwide, and is a unique accomplishment that deserves to be emphasized. Lagos benefits from all the factors necessary to enhance an excellent vacation as well as a high quality of life, as it offers the main tourist attractions including the beach, golf, culture, leisure, gastronomy, sports, nature, amongst others. 45 minutes from Faro airport 2:30 hrs drive from Lisbon

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