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This three-storey building is located in a central street, in the capital Santa Cruz de Tenerife, 1 minute from the tram stop
SANTA CRUZ DE TENERIFE, Santa Cruz de Tenerife, Spain
REF: 197079
€625,000
Description
This three-storey building is located in a central street, in the capital Santa Cruz de Tenerife, 1 minute from the tram stop. On the first floor there is a bar / restaurant of 105m2 with capacity for about 40 people, fully equipped and with 2 entrances. On the second floor is the kitchen with living room, bathroom and another living room. On the third floor, which currently has no electricity due to renovations, there are 4 bedrooms, 1 toilet. Furthermore, a bathroom is planned in the suite. On the walk-in roof are two more large rooms. Ideal for families who want to start their restaurant. There are many other business opportunities. Please contact Agata s Real Estate team for any details. The offer is subject to errors, price changes, omission and / or withdrawal without notice. Property transfer costs (6,5% from declared property priced), notary and registry fees are payable by the buyer. There are no real estate agent commission costs to the buyer.
This three-storey building is located in a central street, in the capital Santa Cruz de Tenerife, 1 minute from the tram stop. On the first floor there is a bar / restaurant of 105m2 with capacity for about 40 people, fully equipped and with 2 entrances. On the second floor is the kitchen with living room, bathroom and another living room. On the third floor, which currently has no electricity due to renovations, there are 4 bedrooms, 1 toilet. Furthermore, a bathroom is planned in the suite. On the walk-in roof are two more large rooms. Ideal for families who want to start their restaurant. There are many other business opportunities. Please contact Agata s Real Estate team for any details. The offer is subject to errors, price changes, omission and / or withdrawal without notice. Property transfer costs (6,5% from declared property priced), notary and registry fees are payable by the buyer. There are no real estate agent commission costs to the buyer.
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Currency Exchange
SANTA CRUZ DE TENERIFE, Santa Cruz de Tenerife, 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 €625,000 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 |
|---|---|---|---|
| €625,000 | £531,681 | £547,806 | £16,125 |
| Property Price € | €625,000 |
| Minimum cost in the last six months | £531,681 |
| Maximum cost in the last six months | £547,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,125 |
SANTA CRUZ DE TENERIFE, Santa Cruz de Tenerife, 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 €625,000 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 |
|---|---|---|---|
| €625,000 | £531,681 | £547,806 | £16,125 |
| Property Price € | €625,000 |
| Minimum cost in the last six months | £531,681 |
| Maximum cost in the last six months | £547,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,125 |
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 £16,125 more.
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