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Charming Hotel With Sea Views In Lagos For Sale

Lagos, Faro
Asking Price:
€3,900,000 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Great opportunity to obtain a charming hotel with 18 double bedrooms in Porto de Mós, a very desirable location in Lagos, with stunning sea views. This hotel has a good potential income because of its location and also because of the permission to enlarge the number of bedrooms for even a further amplification of the hotel. At the moment the hotel is being renovated including the fully decoration of all the bedrooms.The licensing allows Services/Hotel/ Tourism exploration (non-residential license).

Property information

Real Estate:

Real Property Included

Location:

A much sought after location in Lagos, just 400 meters from Porto do Mos beach with stunning sea views.

Business Operation

Expansion Potential:

The current project to alter the hotel allows:
* 23 Self Contained Apartments for re-sale or hotel use (2 and 3 bedrooms units)
Expansion of the hotel:
* Addition of a 2nd floor and additional creation of 9 bedrooms within existing imprint;
* Amplify the current construction via the East and West wing and create approx. 50 hotel rooms

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