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Building: 3+1 Bed Villa, 2 Commercial Spaces - Loulé / EN125
Loulé, Faro, Portugal, 8100-287
REF: 342040
€1,100,000
Description
A property with infinite possibilities, at this moment it is divided into spacious Villa with 3 + 1 bedrooms on the 1st floor and on the ground floor two commercial spaces, one for a restaurant and another one for commercial shop. The 1st floor of the house is in excellent condition, consists of 4 bedrooms, one with a smaller area used as an office, 2 bathrooms, one renovated, kitchen with laundry, living / dining room with a very spacious balcony with spectacular views of the countryside, from where it is possible to access the private leisure area with garden, vegetable garden, swimming pool and an outdoor dining area with a very nice barbecue area and an outdoor kitchen in a closed and covered space, fully equipped.
The ground floor is divided into two commercial spaces with excellent access and visibility from the main road with a large frontal parking area. At the moment, one of the spaces is rented to a coffee shop, in the back and for private use there is a garage area for 4 cars, warehouse and a covered area used for parking for 3 more cars.
An ideal property to have a business on the ground floor and live on the first floor, or to live and create an income from the commercial spaces or even to rent the whole building, as the first floor can be subdivided into apartments.
- Restaurant / Café Shop: 2 rooms, Kitchen, 2 bathrooms, Air Conditioning = 121,79 m2
- Shop: 1 room + bathroom w / AC= 87,36 m2
- Parking for commercial spaces
A property with infinite possibilities, at this moment it is divided into spacious Villa with 3 + 1 bedrooms on the 1st floor and on the ground floor two commercial spaces, one for a restaurant and another one for commercial shop. The 1st floor of the house is in excellent condition, consists of 4 bedrooms, one with a smaller area used as an office, 2 bathrooms, one renovated, kitchen with laundry, living / dining room with a very spacious balcony with spectacular views of the countryside, from where it is possible to access the private leisure area with garden, vegetable garden, swimming pool and an outdoor dining area with a very nice barbecue area and an outdoor kitchen in a closed and covered space, fully equipped.
The ground floor is divided into two commercial spaces with excellent access and visibility from the main road with a large frontal parking area. At the moment, one of the spaces is rented to a coffee shop, in the back and for private use there is a garage area for 4 cars, warehouse and a covered area used for parking for 3 more cars.
An ideal property to have a business on the ground floor and live on the first floor, or to live and create an income from the commercial spaces or even to rent the whole building, as the first floor can be subdivided into apartments.
- Restaurant / Café Shop: 2 rooms, Kitchen, 2 bathrooms, Air Conditioning = 121,79 m2
- Shop: 1 room + bathroom w / AC= 87,36 m2
- Parking for commercial spaces
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Currency Exchange
Loulé, Faro, Portugal, 8100-287
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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £935,759 | £964,194 | £28,435 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £935,759 |
| Maximum cost in the last six months | £964,194 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,435 |
Loulé, Faro, Portugal, 8100-287
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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £935,759 | £964,194 | £28,435 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £935,759 |
| Maximum cost in the last six months | £964,194 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,435 |
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 £28,435 more.
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