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Chalet with a long-established hospitality business
Elda, Alicante, Spain
REF: 846386
€525,000
Description
Chalet with a long-established hospitality business. On the fenced plot that provides access through an automatic gate, there is a barbecue restaurant and a dwelling in good condition. The Restaurant features two spacious areas for customers: an outdoor semi-open terrace with large windows and another spacious dining area indoors. Having been in operation for over 20 years, the Restaurant has been renovated and includes professional kitchen facilities fully equipped to start running your own business. There are ample spaces available for storing materials, beverages, etc., as well as an area designated for propane storage/supply. In another section of the property, you also have water tank installation which helps prevent breakages among other things; additionally featuring filtration and osmosis systems. Outside it s possible to set up children s play areas or events taking advantage of Alicante's pleasant weather during many months throughout the year. The plot is quite expansive allowing potential opportunities for further expansion pending authorization from Town Hall or Administration offices. in addition, the house contains all necessary amenities to live comfortably while resting amidst nature next door to The Restaurant.
Chalet with a long-established hospitality business. On the fenced plot that provides access through an automatic gate, there is a barbecue restaurant and a dwelling in good condition. The Restaurant features two spacious areas for customers: an outdoor semi-open terrace with large windows and another spacious dining area indoors. Having been in operation for over 20 years, the Restaurant has been renovated and includes professional kitchen facilities fully equipped to start running your own business. There are ample spaces available for storing materials, beverages, etc., as well as an area designated for propane storage/supply. In another section of the property, you also have water tank installation which helps prevent breakages among other things; additionally featuring filtration and osmosis systems. Outside it s possible to set up children s play areas or events taking advantage of Alicante's pleasant weather during many months throughout the year. The plot is quite expansive allowing potential opportunities for further expansion pending authorization from Town Hall or Administration offices. in addition, the house contains all necessary amenities to live comfortably while resting amidst nature next door to The Restaurant.
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Currency Exchange
Elda, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £432,548 | £455,747 | £23,200 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £432,548 |
| Maximum cost in the last six months | £455,747 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,200 |
Elda, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £432,548 | £455,747 | £23,200 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £432,548 |
| Maximum cost in the last six months | £455,747 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,200 |
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 £23,200 more.
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