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18th Century Spanish House
Vélez-Málaga, Málaga, Spain
REF: 413441
€800,000
Description
18th Century Spanish House. Spacious Andalucian Courtyard. Renovation Project. 10 Bedrooms, 2 Bathrooms. Ideal to create a Hotel and Restaurant. A fantastic opportunity to purchase a unique building situated in the heart of Velez-Malaga with enormous scope to create a fabulous boutique hotel and restaurant. Large double entrance doors open into an expansive Andalusian courtyard encased by two floors boasting ornate pillars and high ceiling throughout. The first floor of the property comprises of 10 spacious rooms; all entered via the wrap-around terrace, offering potential to create hotel suites with en-suite bathrooms. The ground floor offers additional rooms and potential to create owner s accommodation plus a restaurant with commercial kitchen. There is also an area offering scope to install a swimming pool. The property offers enormous potential to investors and builders to create a home/business in the heart of the historical town of Velez-Malaga. Vélez-Malaga is situated 3 kilometres inland from the coastal town of Torre del Mar and 26 kilometres to the east of Malaga. It is the centre and capital of the district of Axarquia with a population of 55,000. Velez Malaga is full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets. The town oozes charm and character boasting numerous historical monuments, including the ancient Fortress which towers above the historical town. Throughout the year there are numerous festivals, ferias and cultural activities including art exhibitions, regular jazz and flamenco recitals plus the theatre offers a selection of plays, musicals and shows. The excellent public transport offers direct buses to the beach every 20 minutes and every hour there is a bus to Malaga. A beautiful historical town, perfect for those hoping to integrate and experience the Spanish culture.
18th Century Spanish House. Spacious Andalucian Courtyard. Renovation Project. 10 Bedrooms, 2 Bathrooms. Ideal to create a Hotel and Restaurant. A fantastic opportunity to purchase a unique building situated in the heart of Velez-Malaga with enormous scope to create a fabulous boutique hotel and restaurant. Large double entrance doors open into an expansive Andalusian courtyard encased by two floors boasting ornate pillars and high ceiling throughout. The first floor of the property comprises of 10 spacious rooms; all entered via the wrap-around terrace, offering potential to create hotel suites with en-suite bathrooms. The ground floor offers additional rooms and potential to create owner s accommodation plus a restaurant with commercial kitchen. There is also an area offering scope to install a swimming pool. The property offers enormous potential to investors and builders to create a home/business in the heart of the historical town of Velez-Malaga. Vélez-Malaga is situated 3 kilometres inland from the coastal town of Torre del Mar and 26 kilometres to the east of Malaga. It is the centre and capital of the district of Axarquia with a population of 55,000. Velez Malaga is full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets. The town oozes charm and character boasting numerous historical monuments, including the ancient Fortress which towers above the historical town. Throughout the year there are numerous festivals, ferias and cultural activities including art exhibitions, regular jazz and flamenco recitals plus the theatre offers a selection of plays, musicals and shows. The excellent public transport offers direct buses to the beach every 20 minutes and every hour there is a bus to Malaga. A beautiful historical town, perfect for those hoping to integrate and experience the Spanish culture.
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Currency Exchange
Vélez-Málaga, Málaga, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £680,552 | £700,344 | £19,792 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £680,552 |
| Maximum cost in the last six months | £700,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,792 |
Vélez-Málaga, Málaga, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £680,552 | £700,344 | £19,792 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £680,552 |
| Maximum cost in the last six months | £700,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,792 |
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 £19,792 more.
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