€9,000,000

House for sale Praia da Luz
Property photo number 1 of 16 Photos for Property. File 85572271_1462_9d279842ebbaff3fc7ef5d7885789c2a.jpeg

Overview

SUMMARY: Discover an opportunity with this Praia da Luz house for sale and available for €9,000,000. This could be your next ideal home or a smart investment. More details await.

The Resort Hotel Aldeia Azul with typical villas is a high quality tourist asset, it is fully operational and with several possibilities for profitability. The key points to be highlighted, so that the proposal is clearer are: The Location: In Lagos,

Algarve, between the city and Praia da Luz, panoramic view of the Serra de Monchique. The characteristics of the resort: with a total area of 30,000 m², consisting of 29 tourist villas, 10 T1 units (1 bedroom) with 74 m² and 19 T1+1 units (2 bedrooms, 1 in mezzanine) with 101 m² all fully furnished and equipped. The development has the following infrastructures: Exquisite fully equipped reception, Restaurant with terrace, 2 swimming pools, one for adults with 120 m² and one for children with 16 m², Bar and terrace, Children's playground, Spa, Playground, Tennis court, minigolf The villas are composed of: T1: entrance hall, living room, kitchenette, bathroom, bedroom, panoramic terrace. T1+1: entrance hall, living room, kitchenette, bathroom, 2 bedrooms (1 on mezzanine), panoramic terrace. Business Opportunities: Complete sale of the village with a registered company for commerce and tourism (allows you to manage resort, properties and restaurant). Possibility of selling the villas individually for quick return on invested capital, maintaining the management as an Aparthotel for continuous income. Surrounded by an environment of natural beauty typical of the western Algarve, the Aldeia Azul Family Resort is 5 minutes from the center of the beautiful and historic city of Lagos and the immense blue of the Atlantic waters. The architecture as well as the location follows rustic elegance, surrounded by a country setting, our restaurant serves delicious and healthy menus including a variety of vegetarian dishes. Also in our Lounge Bar, you can enjoy refreshing cocktails, with a privileged view of the pool. Here you can also enjoy several activities: Restaurant & Lounge Bar Outdoor swimming pool Barbecue Playground Minimarket Gymnasium Miniature golf Kids Corner Sauna Natural grass football field Garden Massage room Volleyball court Organic vegetable garden Tennis court Yoga zone Petanque court Outdoor fitness circuit As a reference, it follows a pro forma model with three scenarios (Conservative, Base and Optimistic) using recent references for occupancy in the Algarve (~59% in 2024) and for national ADR (~132 in 2024), adjusting for the product (T1 and T1+1) and including ancillary revenues (restaurant/spa). Let's use a price reference per key in the Algarve (~293k/key) to illustrate cap rate and payback. Sources: HVS Algarve (average occupancy and price per key) Hospitality Net and hvs.com; INE/TravelBI (national ADR/RevPAR) ine.pt, travelbi.turismodeportugal.pt, ; recent seasonality in the Algarve (e.g., April 2025, 68.8% occupancy) sulinformacao.pt and The Portugal News. Pro forma highlights (29 villas) Base Scenario (Occupi. 59%, ADR T1 150; T1+1 +15%; ancillary 30/night; NOI margin 28%): Busy nights: ~6,245 Bedroom Revenue: ~1.029M Ancillary Revenue: ~187k Total Revenue: ~1,216M NOI: ~341k With 293k/key (~8.50M): Cap Rate ~4.0% and Payback ~25 years. hvs.com Conservative (55% ADR T1 135 Ancillary 20 NOI 22% 250k/key): NOI ~216k, Cap Rate ~3.0%, Payback ~33.6 years. Optimistic (65% ADR T1 170 Ancillary 40 NOI 34% 330k/key): NOI ~530k, Cap Rate ~5.5%, Payback ~18.0 years.

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Details

  • Neighborhood: Luz
  • Beds: 1
  • Baths: 1
  • Price: €9,000,000
  • Reference No.: JLAM012 FE
  • Area: 30,000 m2

Amenities

  • Home
    • Air conditioning
    • Furnished
    • Swimming pool
    • Terrace
    • Energy Certificate: D

Location

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  • +351 962 454 040
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