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Bar for sale - Rua Principal da Oura (Strip), Albufeira Excellent opportunity to acquire an emblematic and functional bar, located on Rua Principal da Oura (known as the Strip), Albufeira's busiest and most touristic street
Albufeira, Faro, Portugal
REF: 964777
€550,000
Description
Bar for sale - Rua Principal da Oura (Strip), Albufeira Excellent opportunity to acquire an emblematic and functional bar, located on Rua Principal da Oura (known as the Strip), Albufeira's busiest and most touristic street. This bar is distinguished by its calm, family atmosphere, and is a quality alternative to the young nightclubs typical of the region. With a loyal clientele and open all year round, this space offers a welcoming experience, with brand-name drinks and a calm atmosphere ideal for conversation and good times. The space is in excellent condition, with fully renovated electrics, recent machinery (acquired around 2 years ago) and sold fully furnished and equipped. Main features: - 57 m² of interior space - Terrace of approx. 35 m², usable all year round (with heaters) - 2 bathrooms - Functional kitchen for snacks and quick meals - Large pantry - Air conditioning inside - Parking nearby - Excellent proven profitability - Privileged location just minutes from the beach Ideal for investors or entrepreneurs in the restaurant and beverage sector who want a business with a history, ready to operate and with great potential in Albufeira's most sought-after area. Location: Rua Principal da Oura (Strip), Albufeira Type: Restaurant/Beverage Indoor area: 57 m² Outdoor area (terrace): 35 m² (approx.) Condition: Fully equipped and operational WC: 2 (male and female) Kitchen: Yes, equipped (snack-bar type) Pantry: Yes, large Air conditioning: Indoor air conditioning + outdoor heating Parking: Yes, nearby Energy certificate: (insert class, e.g. C) For further information or to arrange a viewing, please contact us. #ref: 141367
Bar for sale - Rua Principal da Oura (Strip), Albufeira Excellent opportunity to acquire an emblematic and functional bar, located on Rua Principal da Oura (known as the Strip), Albufeira's busiest and most touristic street. This bar is distinguished by its calm, family atmosphere, and is a quality alternative to the young nightclubs typical of the region. With a loyal clientele and open all year round, this space offers a welcoming experience, with brand-name drinks and a calm atmosphere ideal for conversation and good times. The space is in excellent condition, with fully renovated electrics, recent machinery (acquired around 2 years ago) and sold fully furnished and equipped. Main features: - 57 m² of interior space - Terrace of approx. 35 m², usable all year round (with heaters) - 2 bathrooms - Functional kitchen for snacks and quick meals - Large pantry - Air conditioning inside - Parking nearby - Excellent proven profitability - Privileged location just minutes from the beach Ideal for investors or entrepreneurs in the restaurant and beverage sector who want a business with a history, ready to operate and with great potential in Albufeira's most sought-after area. Location: Rua Principal da Oura (Strip), Albufeira Type: Restaurant/Beverage Indoor area: 57 m² Outdoor area (terrace): 35 m² (approx.) Condition: Fully equipped and operational WC: 2 (male and female) Kitchen: Yes, equipped (snack-bar type) Pantry: Yes, large Air conditioning: Indoor air conditioning + outdoor heating Parking: Yes, nearby Energy certificate: (insert class, e.g. C) For further information or to arrange a viewing, please contact us. #ref: 141367
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Currency Exchange
Albufeira, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £477,450 | £24,305 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £477,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,305 |
Albufeira, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £477,450 | £24,305 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £477,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,305 |
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 £24,305 more.
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