Property details
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District
Faro (Algarve) -
County
Lagos -
Locality
Lagos
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Area
92 m²
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Price
320.000 € -
Energy Rating
ND
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Property code
N375
Description
For the astute investor, we offer a turnkey commercial unit with immediate, stable returns in a high-traffic, central Lagos location.
This exceptional 92 m² commercial space is a worry-free addition to any portfolio, benefiting from an established, reliable tenant currently operating a popular brunch and coffee spot.
Key Investment Highlights:
Guaranteed Income: Secured by a formal lease agreement with a solid two-year term, fixed until May 2027, generating a robust monthly rental income of 1,530. This translates to a strong and predictable yield from day one.
Irreplaceable Location: Positioned directly adjacent to the Lagos Bus Station and the vibrant Wednesday/Saturday Market, guaranteeing maximum foot traffic. The unit is only a short walk from the prestigious Lagos Marina and the bustling historic town centre. Location, location, locationit doesn't get much better for sustained commercial success.
Modern and Pristine Condition: Constructed in 2018 and recently enhanced by the tenant's partial renovation in 2024, the unit is in superb condition, minimising immediate maintenance concerns.
Added Value & Convenience: Includes a private underground parking space and a dedicated storage arearare and valuable assets in this central location.
Option for Owner-Operator:
The current tenant is open to negotiating a business transfer (sale of the business/key money) for a potential buyer interested in acquiring the ongoing business operation as well.
An opportunity for solid, passive income in one of the Western Algarves most desirable cities.
Call us today to discuss the financial specifics of this excellent opportunity or to schedule a private viewing. Don't let this steady income stream slip away!
REF: N375
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