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House T7+4 Sale in Luz,Lagos
Lagos, Portugal
REF: 990460
€2,250,000
Description
Tourist complex of 1200 m with 6 hectares of land, fully renovated in 2019 and in operation.The living area, measuring 735 m , comprises 8 single rooms and 9 rooms with bunk beds, which can accommodate up to 54 people. It is also equipped with 18 bathrooms and showers, two of which are adapted for people with reduced mobility. The house also has 3 kitchens.The ground floor is dedicated to services, with 443 m of gross area, including an imposing multipurpose room, suitable for catering.In addition to accommodation and facilities for tourists, a beautiful three-bedroom apartment was also created to provide future managers with a private space. The large terrace offers spectacular views of nature.The property is in an ideal location, situated in the middle of nature and without neighbourhood. It is just minutes from Lagos, close to spectacular beaches, a vibrant nightlife and all amenities. Faro Airport is less than 1 hour away.The lot offers unlimited development potential for outdoor activities. This is an ideal investment for a tourist project (currently explored as Surf Hostel), with the potential to create a wellness center or a retirement home. It has guaranteed profitability considering the growing demand for this type of infrastructure.Possibility of renting the property for 9000/month and establishing a lease with option to buy.Come visit this atypical property!
Tourist complex of 1200 m with 6 hectares of land, fully renovated in 2019 and in operation.The living area, measuring 735 m , comprises 8 single rooms and 9 rooms with bunk beds, which can accommodate up to 54 people. It is also equipped with 18 bathrooms and showers, two of which are adapted for people with reduced mobility. The house also has 3 kitchens.The ground floor is dedicated to services, with 443 m of gross area, including an imposing multipurpose room, suitable for catering.In addition to accommodation and facilities for tourists, a beautiful three-bedroom apartment was also created to provide future managers with a private space. The large terrace offers spectacular views of nature.The property is in an ideal location, situated in the middle of nature and without neighbourhood. It is just minutes from Lagos, close to spectacular beaches, a vibrant nightlife and all amenities. Faro Airport is less than 1 hour away.The lot offers unlimited development potential for outdoor activities. This is an ideal investment for a tourist project (currently explored as Surf Hostel), with the potential to create a wellness center or a retirement home. It has guaranteed profitability considering the growing demand for this type of infrastructure.Possibility of renting the property for 9000/month and establishing a lease with option to buy.Come visit this atypical property!
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Currency Exchange
Lagos, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,857,263 | £1,953,203 | £95,940 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,857,263 |
| Maximum cost in the last six months | £1,953,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £95,940 |
Lagos, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,857,263 | £1,953,203 | £95,940 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,857,263 |
| Maximum cost in the last six months | £1,953,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £95,940 |
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 £95,940 more.
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