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Fantastic investment opportunity - guaranteed income for the first 3 years
Alicante, Spain
REF: 1001140
€409,900
Description
This is a fantastic investment opportunity. Tourist classified apartment so got tourist license. It is 3 bed 2 bath. Rental company looks after everything the first 10 years. You will have 4 months a year for personal use. The developer guarantees a min net income of Euro 25,000 (before tax) a year for the first 3 years. ~~Only 150 m from amazing beaches.~~There are 3 types of apartments, ground floor with garden front and rear, first floor with 20m2 plus terraces, penthouses with large terrace and solarium on the top with outdoor kitchen, private jacuzzi and fantastic views.~~This is the first floor version.~~They are come fully ready to rent out including everything:~~* Ducted A/C~* Underfloor heating~* All kitchen appliances.~* TV ~* Furniture ~* Bedlinen and household goods~* Underground parking with good size storage room.~~The development comes with communal pool, playground, gym, spa with heated pool with massage jets.~~Most things are close by:~~* Beach, restaurants, chiringuitos all in 150 m~* Convenient stores 200 m~* Large selection of big supermarkets in 5 min, drive.~* Airports: Murcia 35 min., Alicante 50 minutes.~* Towns: San Pedro del Pinatar and Pilar de Horadada both 5 minutes drive. Lo Pagan 7 minutes, Torrevieja 30 minutes.~~For more info please contact Steen on +34 621 208832 (Also WhatsApp).~~~~
This is a fantastic investment opportunity. Tourist classified apartment so got tourist license. It is 3 bed 2 bath. Rental company looks after everything the first 10 years. You will have 4 months a year for personal use. The developer guarantees a min net income of Euro 25,000 (before tax) a year for the first 3 years. ~~Only 150 m from amazing beaches.~~There are 3 types of apartments, ground floor with garden front and rear, first floor with 20m2 plus terraces, penthouses with large terrace and solarium on the top with outdoor kitchen, private jacuzzi and fantastic views.~~This is the first floor version.~~They are come fully ready to rent out including everything:~~* Ducted A/C~* Underfloor heating~* All kitchen appliances.~* TV ~* Furniture ~* Bedlinen and household goods~* Underground parking with good size storage room.~~The development comes with communal pool, playground, gym, spa with heated pool with massage jets.~~Most things are close by:~~* Beach, restaurants, chiringuitos all in 150 m~* Convenient stores 200 m~* Large selection of big supermarkets in 5 min, drive.~* Airports: Murcia 35 min., Alicante 50 minutes.~* Towns: San Pedro del Pinatar and Pilar de Horadada both 5 minutes drive. Lo Pagan 7 minutes, Torrevieja 30 minutes.~~For more info please contact Steen on +34 621 208832 (Also WhatsApp).~~~~
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Property on Map
Currency Exchange
Alicante, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €409,900 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 |
|---|---|---|---|
| €409,900 | £338,352 | £357,437 | £19,085 |
| Property Price € | €409,900 |
| Minimum cost in the last six months | £338,352 |
| Maximum cost in the last six months | £357,437 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,085 |
Alicante, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €409,900 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 |
|---|---|---|---|
| €409,900 | £338,352 | £357,437 | £19,085 |
| Property Price € | €409,900 |
| Minimum cost in the last six months | £338,352 |
| Maximum cost in the last six months | £357,437 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,085 |
The exchange rate on the day you make an offer on your property in Spain 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 £19,085 more.
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