Sagres, Faro 8650

Price Recently Reduced From 900.000 Euros To 660.000 Euros. Presenting an outstanding commercial property located in the prime Praa da Repblica, at the heart of Sagres. This unique opportunity stands out with its generous 530 m plot and 175 m of built area, offering remarkable potential for a wide range of projects whether residential, commercial, or service-oriented. To the rear of the property, a private courtyard boasts unobstructed and direct views of Mareta Beach, creating an inspiring and tranquil environment that enhances any project. Situated close to a variety of essential services, amenities, and local businesses, the property benefits from excellent visibility and a consistent flow of foot traffic. The proximity to key transport routes, including the En125 and A22 motorway, ensures outstanding accessibility and connectivity. Furthermore, there is the possibility of adding an additional floor to the existing building, which is currently under review by the Lagos City Council. This extension would increase the usable area and significantly maximise return on investment. The property is ideal for a variety of development opportunities. For residential use, it offers the potential for conversion into premium housing with the inclusion of a garage on the ground floor, allowing the creation of an exclusive residential project with stunning ocean views. Alternatively, the space could be reopened as a restaurant, taking full advantage of its already prepared infrastructure and scenic location. For those looking to capitalise on the area's natural attractions, a diving centre could be established, benefitting from the property's proximity to the beaches and Cape St. Vincent. The property also presents an excellent opportunity for developing a dynamic co-working space for professionals and entrepreneurs, or even as a Surf & Hostel House, offering themed accommodation for surfers and tourists in a vibrant, seaside environment. Currently, the property is vacant and in need of refurbishment. However, its prime location, expansion potential, and versatility make it an excellent investment opportunity. With a plot size of 530 m and a built area of 175 m, the property offers ample room for transformation. Its rear courtyard provides direct, unobstructed views of Mareta Beach, making it a truly unique setting. The current use of the property is as a restaurant, but it holds significant potential for residential conversion, subject to additional requirements and approval. The feasibility of adding an additional floor is under review by the Lagos City Council through the Pdi process. This is a rare opportunity to invest in a highly desirable and versatile property in one of the Algarve's most iconic coastal towns.Sagres is a picturesque town located at the southwestern tip of Portugal, known for its stunning natural beauty and rich maritime history. Nestled in the Algarve region, it is famous for its rugged coastline, breathtaking cliffs, and beautiful beaches, including Praia do Martinhal and Praia da Mareta. Sagres is a popular destination for those seeking both relaxation and adventure, offering a variety of outdoor activities such as surfing, hiking, and birdwatching. The town is also steeped in history, with landmarks like the Sagres Fortress, which dates back to the 15th century, and the iconic Cape St. Vincent (Cabo de So Vicente), the most southwesterly point of mainland Europe. The charming town has a laid-back, authentic atmosphere, attracting visitors who appreciate its tranquility and natural surroundings. Despite its small size, Sagres boasts a vibrant community with a selection of local shops, restaurants, and cafes, making it an appealing spot for both tourists and residents alike. Whether you're exploring its historical sites or enjoying the serene coastal landscapes, Sagres offers a unique blend of culture, history, and natural beauty. Faro International airport is just 1 hour and 30 minutes by car. Energy Rating: B ref:X0262