Located in a Pine hood park, this property boasts a peaceful feeling and space, enjoying lovely countryside views

Lagos, Algarve, Portugal, 8600-024

For Sale

€1,400,000

£1,165,734
REF: 532540 €1,400,000

4

5

326 m2

68080 m2

Description

Located in a Pine hood park, this property boasts a peaceful feeling and space, enjoying lovely countryside views. The property consists of a large plot of land with more than 68.000 m2 with a driveway that splits into an east drive leading to the restaurant and the cottage, and a west drive that leads to the villa. The villa is set on a high position, surrounded by pine trees that provide privacy.

The accommodation is comprised by a living room with a featured log fire, a fitted kitchen, 3 double bedrooms and 2 bathrooms. There is a roof terrace with fantastic 360 views. The villa has double glazed windows, a fan and reversable air conditioning installed in the living area, and another 2 fans in two of the bedrooms. The restaurant is strategically located in a central and lower area of the property, with a spacious car park, a covered terrace off the dining area, an open terrace with great views of the pine hood stretching down to the coast and a private cottage for owners use.

The restaurant hosts a reception area, a bar, a dining area, a wine and drinks cellar, a kitchen, a service area, a storage, 2 clients toilets and a staff shower room. The cottage was built as an accommodation to the owners and staff of the restaurant. The interior is very warm and cosy with clay Santa Catarina tiles, wooden ceiling and beams, an open plan living area, dining area and kitchen with a central island, a large bathroom with a bathtub, a shower, a bidet and 2 separate sinks and finally a feature mezzanine built with wood that provides the space for a bedroom.

The south wall of the cottage is a natural solar wall heating using a concept of a glass wall outdoors to provide the heat from the sun exposure into the accommodation through ventilators that can be manually opened to control the air flow. There are two ceiling fans to refresh air in the summer. Further features include: borehole, underground gas deposit and a warehouse with different individual storage units. This property has a great potential due to its location with all the facilities in place to provide both your permanent residence with a restaurant or a rural tourism project. Viewings are essential to appreciate all the features of the property.
Located in a Pine hood park, this property boasts a peaceful feeling and space, enjoying lovely countryside views. The property consists of a large plot of land with more than 68.000 m2 with a driveway that splits into an east drive leading to the restaurant and the cottage, and a west drive that leads to the villa. The villa is set on a high position, surrounded by pine trees that provide privacy.

The accommodation is comprised by a living room with a featured log fire, a fitted kitchen, 3 double bedrooms and 2 bathrooms. There is a roof terrace with fantastic 360 views. The villa has double glazed windows, a fan and reversable air conditioning installed in the living area, and another 2 fans in two of the bedrooms. The restaurant is strategically located in a central and lower area of the property, with a spacious car park, a covered terrace off the dining area, an open terrace with great views of the pine hood stretching down to the coast and a private cottage for owners use.

The restaurant hosts a reception area, a bar, a dining area, a wine and drinks cellar, a kitchen, a service area, a storage, 2 clients toilets and a staff shower room. The cottage was built as an accommodation to the owners and staff of the restaurant. The interior is very warm and cosy with clay Santa Catarina tiles, wooden ceiling and beams, an open plan living area, dining area and kitchen with a central island, a large bathroom with a bathtub, a shower, a bidet and 2 separate sinks and finally a feature mezzanine built with wood that provides the space for a bedroom.

The south wall of the cottage is a natural solar wall heating using a concept of a glass wall outdoors to provide the heat from the sun exposure into the accommodation through ventilators that can be manually opened to control the air flow. There are two ceiling fans to refresh air in the summer. Further features include: borehole, underground gas deposit and a warehouse with different individual storage units. This property has a great potential due to its location with all the facilities in place to provide both your permanent residence with a restaurant or a rural tourism project. Viewings are essential to appreciate all the features of the property.
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Currency Exchange

Lagos, Algarve, Portugal, 8600-024

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,400,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,400,000 £1,159,634 £1,203,230 £43,596
Property Price € €1,400,000
Minimum cost in the last six months £1,159,634
Maximum cost in the last six months £1,203,230
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,596

Lagos, Algarve, Portugal, 8600-024

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €1,400,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€1,400,000 £1,159,634 £1,203,230 £43,596
Property Price € €1,400,000
Minimum cost in the last six months £1,159,634
Maximum cost in the last six months £1,203,230
Fluctuating exchange rates over the last six months could have increased the cost of this property by £43,596

The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £43,596 more.

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