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Discover this exceptional estate dedicated to events, located in the idyllic setting of the Costa Vicentina
Santiago do Cacém, Setúbal, Portugal
REF: 814275
€2,370,000
Description
Discover this exceptional estate dedicated to events, located in the idyllic setting of the Costa Vicentina. With its 47,650 m² of land and 750 m² of built area, this property offers not only a home, but also several annexes, offices, as well as spaces designed specifically for the organization of events. Its vast garden is perfectly designed to accommodate receptions, supplemented by private parking, an emergency generator, two drinking water wells, and a dam for irrigation. The event space consists of a fully equipped kitchen, various bathrooms, and a reception room that can accommodate up to 600 people. It is the ideal venue for a diverse range of events, offering tranquility and privacy, whether for christenings, weddings, private parties or corporate events. The annual profitability of this estate is remarkable, with an almost complete events calendar for the year 2024. Offering considerable economic potential, this property also has the opportunity for expansion and construction for hotel use, up to to a total of 6000 m². To explore this unique opportunity and obtain more information, please do not hesitate to contact me. #ref: 116508
Discover this exceptional estate dedicated to events, located in the idyllic setting of the Costa Vicentina. With its 47,650 m² of land and 750 m² of built area, this property offers not only a home, but also several annexes, offices, as well as spaces designed specifically for the organization of events. Its vast garden is perfectly designed to accommodate receptions, supplemented by private parking, an emergency generator, two drinking water wells, and a dam for irrigation. The event space consists of a fully equipped kitchen, various bathrooms, and a reception room that can accommodate up to 600 people. It is the ideal venue for a diverse range of events, offering tranquility and privacy, whether for christenings, weddings, private parties or corporate events. The annual profitability of this estate is remarkable, with an almost complete events calendar for the year 2024. Offering considerable economic potential, this property also has the opportunity for expansion and construction for hotel use, up to to a total of 6000 m². To explore this unique opportunity and obtain more information, please do not hesitate to contact me. #ref: 116508
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Currency Exchange
Santiago do Cacém, Setúbal, 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 €2,370,000 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 |
|---|---|---|---|
| €2,370,000 | £2,016,135 | £2,077,400 | £61,265 |
| Property Price € | €2,370,000 |
| Minimum cost in the last six months | £2,016,135 |
| Maximum cost in the last six months | £2,077,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,265 |
Santiago do Cacém, Setúbal, 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 €2,370,000 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 |
|---|---|---|---|
| €2,370,000 | £2,016,135 | £2,077,400 | £61,265 |
| Property Price € | €2,370,000 |
| Minimum cost in the last six months | £2,016,135 |
| Maximum cost in the last six months | £2,077,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,265 |
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 £61,265 more.
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