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Discover this incredible villa divided into 3 independent flats, two on the first floor and one on the ground floor, offering a total of 7 bedrooms
Loulé, Faro, Portugal
REF: 782972
€1,650,000
Description
Discover this incredible villa divided into 3 independent flats, two on the first floor and one on the ground floor, offering a total of 7 bedrooms. This exclusive project includes not only elegant residences, but also two commercial spaces. The ground floor houses a restaurant equipped with a full industrial kitchen, offering a unique opportunity for gastronomic entrepreneurs. On the first floor, there is a 151 m2 multi-purpose commercial space with a terrace and two bathrooms, as well as a space predestined for a kitchen. This space could be converted into a gym, for example, or another restaurant/bar. Don't miss the opportunity to invest in this multifunctional and sophisticated place, where versatility meets residential comfort in a privileged location. Just a 3-minute drive from the beaches of Garrão and Ancão and 25 minutes from Faro International Airport, this development is ideally placed to offer its customers a full range of services. It is located on the Vale do Lobo road, which is a high-profile thoroughfare, giving it a varied clientele potentially interested in using the restaurant space or staying there for a few days. Contact me for more details or to arrange a viewing. IAD Portugal is a network of independent estate agents, based on a totally innovative model that breaks with the traditional estate agency concept. What are 21st century customers looking for when they decide to buy, rent or sell a property? They are looking for a comprehensive, simple and competitive service. That's what we offer at IAD. Our advisers are there for you, they have access to the latest training in the sector and to a platform of exclusive tools that enable them to offer you the best service wherever you are. At IAD, you'll find a real estate advisor tailored to your needs. #ref: 111377
Discover this incredible villa divided into 3 independent flats, two on the first floor and one on the ground floor, offering a total of 7 bedrooms. This exclusive project includes not only elegant residences, but also two commercial spaces. The ground floor houses a restaurant equipped with a full industrial kitchen, offering a unique opportunity for gastronomic entrepreneurs. On the first floor, there is a 151 m2 multi-purpose commercial space with a terrace and two bathrooms, as well as a space predestined for a kitchen. This space could be converted into a gym, for example, or another restaurant/bar. Don't miss the opportunity to invest in this multifunctional and sophisticated place, where versatility meets residential comfort in a privileged location. Just a 3-minute drive from the beaches of Garrão and Ancão and 25 minutes from Faro International Airport, this development is ideally placed to offer its customers a full range of services. It is located on the Vale do Lobo road, which is a high-profile thoroughfare, giving it a varied clientele potentially interested in using the restaurant space or staying there for a few days. Contact me for more details or to arrange a viewing. IAD Portugal is a network of independent estate agents, based on a totally innovative model that breaks with the traditional estate agency concept. What are 21st century customers looking for when they decide to buy, rent or sell a property? They are looking for a comprehensive, simple and competitive service. That's what we offer at IAD. Our advisers are there for you, they have access to the latest training in the sector and to a platform of exclusive tools that enable them to offer you the best service wherever you are. At IAD, you'll find a real estate advisor tailored to your needs. #ref: 111377
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Property on Map
Currency Exchange
Loulé, 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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,403,639 | £1,446,291 | £42,653 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,403,639 |
| Maximum cost in the last six months | £1,446,291 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,653 |
Loulé, 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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,403,639 | £1,446,291 | £42,653 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,403,639 |
| Maximum cost in the last six months | £1,446,291 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,653 |
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 £42,653 more.
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