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A unique opportunity to acquire two 306
Vila Real de Santo António, Faro, Portugal
REF: 724059
€2,700,000
Description
A unique opportunity to acquire two 306.40m2 commercial properties in a prime location in the centre of Vila Real de Santo António. Each shop has an independent entrance, but can be interconnected if desired. The larger 205m2 shop comprises a generous main area with centralized air conditioning, an office, two bathrooms and a storage area at the back. The second commercial property, measuring 101.40m2, is located next to the main shop, has three bathrooms and a storage room with centralized air conditioning and an alarm system. Energy classification: "B-" and "C" This is an excellent investment opportunity for those wishing to open two independent businesses in the tourist centre of Vila Real de Santo António. This city centre has the particularity of attracting thousands of visitors all year around due to its proximity to Spain and of selling decorative items at affordable prices, most of which are produced in Portugal. Vila Real de Santo António is a Portuguese town in the south-east of the country, in the district of Faro. Situated on the right bank of the Guadiana River, which forms the natural border with Spain, the town is known for its beautiful beaches, warm and sunny climate, unique architecture and is also known as the little Lisbon of the Algarve due to its unique resemblance to the capital. This quiet town has a beautiful marina, a ferry service linking Portugal and Spain and is considered one of the most accessible and peaceful areas to live in the sunny Algarve. #ref: 102057
A unique opportunity to acquire two 306.40m2 commercial properties in a prime location in the centre of Vila Real de Santo António. Each shop has an independent entrance, but can be interconnected if desired. The larger 205m2 shop comprises a generous main area with centralized air conditioning, an office, two bathrooms and a storage area at the back. The second commercial property, measuring 101.40m2, is located next to the main shop, has three bathrooms and a storage room with centralized air conditioning and an alarm system. Energy classification: "B-" and "C" This is an excellent investment opportunity for those wishing to open two independent businesses in the tourist centre of Vila Real de Santo António. This city centre has the particularity of attracting thousands of visitors all year around due to its proximity to Spain and of selling decorative items at affordable prices, most of which are produced in Portugal. Vila Real de Santo António is a Portuguese town in the south-east of the country, in the district of Faro. Situated on the right bank of the Guadiana River, which forms the natural border with Spain, the town is known for its beautiful beaches, warm and sunny climate, unique architecture and is also known as the little Lisbon of the Algarve due to its unique resemblance to the capital. This quiet town has a beautiful marina, a ferry service linking Portugal and Spain and is considered one of the most accessible and peaceful areas to live in the sunny Algarve. #ref: 102057
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Currency Exchange
Vila Real de Santo António, Faro, 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 €2,700,000 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 |
|---|---|---|---|
| €2,700,000 | £2,296,863 | £2,366,658 | £69,795 |
| Property Price € | €2,700,000 |
| Minimum cost in the last six months | £2,296,863 |
| Maximum cost in the last six months | £2,366,658 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,795 |
Vila Real de Santo António, Faro, 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 €2,700,000 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 |
|---|---|---|---|
| €2,700,000 | £2,296,863 | £2,366,658 | £69,795 |
| Property Price € | €2,700,000 |
| Minimum cost in the last six months | £2,296,863 |
| Maximum cost in the last six months | £2,366,658 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,795 |
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 £69,795 more.
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