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Villa house in Torremolinos
Torremolinos, Spain
REF: 755613
€990,000
Description
Gilmar Real Estate offers for sale an exclusive property in the heart of Torremolinos: an independent villa with a generous plot of 1,000 m2 and a built area of 174 m2. Although this property is of old construction, it offers significant potential, suitable for either a complete restoration or a new building project. Its versatility makes it a highly attractive investment. The property allows for the construction of up to 971 m2 spread over three floors, with the possibility of developing eleven residences of 90 m2 each. With the option to build three floors up and a basement, this space offers architectural flexibility to meet various needs. The Property in need of renovations, features an extensive garden and a private pool, providing an idyllic environment for future residents or clients. Additionally, it has a closed garage with direct access to the street, ensuring convenience and security. Its strategic location just 300 meters from the Renfe station and proximity to various shops, such as pharmacies, tobacco shops, and grocery stores, enhance its appeal. The property stands as a unique opportunity in an environment where the demand for quality services and housing is high. This property presents multiple possibilities of use, from creating a nursing home to opening an exclusive restaurant. With the option to build a block, the opportunities are diverse and promising. Do not miss the opportunity to acquire this property with a privileged location and exceptional potential. Contact us for more information and discover how this investment can meet your business and financial objectives.
Gilmar Real Estate offers for sale an exclusive property in the heart of Torremolinos: an independent villa with a generous plot of 1,000 m2 and a built area of 174 m2. Although this property is of old construction, it offers significant potential, suitable for either a complete restoration or a new building project. Its versatility makes it a highly attractive investment. The property allows for the construction of up to 971 m2 spread over three floors, with the possibility of developing eleven residences of 90 m2 each. With the option to build three floors up and a basement, this space offers architectural flexibility to meet various needs. The Property in need of renovations, features an extensive garden and a private pool, providing an idyllic environment for future residents or clients. Additionally, it has a closed garage with direct access to the street, ensuring convenience and security. Its strategic location just 300 meters from the Renfe station and proximity to various shops, such as pharmacies, tobacco shops, and grocery stores, enhance its appeal. The property stands as a unique opportunity in an environment where the demand for quality services and housing is high. This property presents multiple possibilities of use, from creating a nursing home to opening an exclusive restaurant. With the option to build a block, the opportunities are diverse and promising. Do not miss the opportunity to acquire this property with a privileged location and exceptional potential. Contact us for more information and discover how this investment can meet your business and financial objectives.
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Property on Map
Currency Exchange
Torremolinos, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £842,183 | £867,775 | £25,592 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £842,183 |
| Maximum cost in the last six months | £867,775 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,592 |
Torremolinos, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £842,183 | £867,775 | £25,592 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £842,183 |
| Maximum cost in the last six months | £867,775 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,592 |
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 £25,592 more.
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