€690,000

Rare Opportunity: 2-Bedroom Apartment with Storage Space (184m²) Offering Strong Rental Income Potential in Lagos Located on the first floor of a small, well-maintained condominium comprising just twelve apartments in Santo Amaro, this two-bedroom apartment offers a feature rarely found in a property of this size. The apartment is sold together with a private 184 m² storage area located on the lower level of the condominium, with an independent entrance from the building and divided into fourteen separate storage units. The apartment itself is bright and pleasant, with a dual south-eastern and north-western orientation providing natural light throughout the day. The open-plan kitchen and living room form the heart of the apartment, with double sliding doors opening onto the main balcony. A generous balcony provides a genuine outdoor living space, ideal for enjoying morning coffee, dining al fresco or simply relaxing throughout the afternoon. Both bedrooms are well-proportioned double bedrooms, and the apartment benefits from two bathrooms. It is in good overall condition and features quality finishes, including ceramic flooring, oak-panelled ceilings with recessed lighting in the hallway and bedrooms, a fully equipped kitchen, a reinforced entrance door and double-glazed sliding windows with lacquered aluminium frames. A separate pantry adjoining the kitchen, together with a particularly spacious entrance hall, also provides plenty of storage space within the apartment. It is, however, the storage area on the lower level that truly sets this property apart. The 184 m² have been divided into fourteen individual and independent storage units, ranging from approximately five to fifteen square metres each, all equipped with lighting. Access to these storage units is particularly convenient thanks to the presence of free public parking located at the entrance to the storage area. For an investor, this represents a simple and relatively low-maintenance income-generating activity acquired together with the apartment. The condominium is well maintained and benefits from a communal swimming pool. The building is equipped with a lift, a video intercom system and a remotely operated gate providing access to the underground garage, where the apartment has its own private parking space. Santo Amaro is a quiet and established residential area located close to Lagos. The historic centre, marina and beaches are all just a few minutes away, while the neighbourhood remains sufficiently removed from the centre to escape the bustle of the summer season. Whether you are looking for a comfortable, well-built apartment in Lagos that contributes towards its own financing, an investment with established rental income, or simply a pied-à-terre in the Algarve, this property offers a rare combination of residential comfort and income potential. B&P Real Estate Agency is the leading real estate specialist in the Western Algarve, with an average of one property sold every two days. With unrivalled local knowledge, a strong international presence and a proactive and dedicated team, we know how to position and sell properties effectively. When results matter, you are in experienced and recognised hands.