Commercial Plot for sale located close to Lagos Marina in west algarve

Lagos, Algarve, Portugal

For Sale

€475,000

REF: 593511 €475,000


Description

Facing the Marina of Lagos, this plot of land has an approved project for construction of bar/restaurant. Within the expansion of Meia Praia, this plot has one of the most privileged locations in the area. Current municipal planning indicates that this area offers great opportunity for development, and it will benefit from accesses to the main avenue, train station and two new hotels within walking distance.

It also has great vehicle access and sufficient parking. The Marina of Lagos is within walking distance to the Meia Praia Beach, centre of Lagos, the port, sailing school and shops.
Facing the Marina of Lagos, this plot of land has an approved project for construction of bar/restaurant. Within the expansion of Meia Praia, this plot has one of the most privileged locations in the area. Current municipal planning indicates that this area offers great opportunity for development, and it will benefit from accesses to the main avenue, train station and two new hotels within walking distance.

It also has great vehicle access and sufficient parking. The Marina of Lagos is within walking distance to the Meia Praia Beach, centre of Lagos, the port, sailing school and shops.
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Property on Map

#EAV-258

Currency Exchange

Lagos, Algarve, Portugal

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 €475,000 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
€475,000 £397,176 £428,493 £31,317
Property Price € €475,000
Minimum cost in the last six months £397,176
Maximum cost in the last six months £428,493
Fluctuating exchange rates over the last six months could have increased the cost of this property by £31,317

Lagos, Algarve, Portugal

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 €475,000 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
€475,000 £397,176 £428,493 £31,317
Property Price € €475,000
Minimum cost in the last six months £397,176
Maximum cost in the last six months £428,493
Fluctuating exchange rates over the last six months could have increased the cost of this property by £31,317

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 £31,317 more.

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