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Excellent opportunity to build a building in the city center of Setúbal! Land consisting of 3 ruined properties
Setúbal, Setúbal, Portugal
REF: 991555
€1,400,000
Description
Excellent opportunity to build a building in the city center of Setúbal! Land consisting of 3 ruined properties. The properties are located on a plot of land with an area of 2,242 m2. According to the approved PIP dated 07/19/2023, a building for housing and commerce can be built on the land, with 3 floors above ground and use of the roof space, with a covered area of 1,099.74 m2, and a construction area of 3,574.36 m2. We consider the construction of 3 floors. Ground floor with 599 m2 for housing and 500 m2 for commerce. The other floors (1st and 2nd floors), with 2,198 m2 for housing, with a total construction area of 3,297 m2. The land is located in the city center in a well-established residential area, about 500 meters from the river, on one of the most emblematic avenues in the city center. The surrounding area is made up of 5/6-story multi-family buildings, intended for housing and commerce. In terms of facilities, services and commerce, the area is well served. Parking is available on the surface without much difficulty. Public transportation is provided by regular bus routes with stops nearby. #ref: 144663
Excellent opportunity to build a building in the city center of Setúbal! Land consisting of 3 ruined properties. The properties are located on a plot of land with an area of 2,242 m2. According to the approved PIP dated 07/19/2023, a building for housing and commerce can be built on the land, with 3 floors above ground and use of the roof space, with a covered area of 1,099.74 m2, and a construction area of 3,574.36 m2. We consider the construction of 3 floors. Ground floor with 599 m2 for housing and 500 m2 for commerce. The other floors (1st and 2nd floors), with 2,198 m2 for housing, with a total construction area of 3,297 m2. The land is located in the city center in a well-established residential area, about 500 meters from the river, on one of the most emblematic avenues in the city center. The surrounding area is made up of 5/6-story multi-family buildings, intended for housing and commerce. In terms of facilities, services and commerce, the area is well served. Parking is available on the surface without much difficulty. Public transportation is provided by regular bus routes with stops nearby. #ref: 144663
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Currency Exchange
Setúbal, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,155,630 | £1,215,326 | £59,696 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,155,630 |
| Maximum cost in the last six months | £1,215,326 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,696 |
Setúbal, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,155,630 | £1,215,326 | £59,696 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,155,630 |
| Maximum cost in the last six months | £1,215,326 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £59,696 |
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 £59,696 more.
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