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Penthouse in La Fontanilla
La Fontanilla, Spain
REF: 939593
€2,000,000
Description
In La Fontanilla, you will find this magnificent investment opportunity in a penthouse with sea and mountain views. This apartment, located 50 meters from the beach, offers the possibility to reform it and turn it into the home of your dreams, or obtain a high profitability in the rental market. This spacious penthouse which is located in one of the most emblematic buildings in Marbella, has 4 bedrooms, of which 2 en-suite, a large dressing room which was originally a 5th bedroom and 1 toilet, making it an ideal place for families or those looking to have additional space for guests. Currently there are 2 independent registered properties, one of 84 m2 and the other of 120 m2.Plus a spectacular terrace of 379 sqm, where you can enjoy the breathtaking views of the sea, the mountains and the Mediterranean climate all year round. This terrace is perfect for outdoor gatherings, relaxing in the sun or simply enjoying the panoramic views. The building has a communal swimming pool and the property includes 2 parking spaces in the building next door. As for the location, it is worth mentioning the proximity of all services such as stores, pharmacies, supermarkets, a variety of restaurants, bus stops, a new ambulatory, which are within walking distance of the property. The old town is about 5 min walk from the property. In short, this penthouse is an excellent opportunity to buy a penthouse apartment in the center of the town.
In La Fontanilla, you will find this magnificent investment opportunity in a penthouse with sea and mountain views. This apartment, located 50 meters from the beach, offers the possibility to reform it and turn it into the home of your dreams, or obtain a high profitability in the rental market. This spacious penthouse which is located in one of the most emblematic buildings in Marbella, has 4 bedrooms, of which 2 en-suite, a large dressing room which was originally a 5th bedroom and 1 toilet, making it an ideal place for families or those looking to have additional space for guests. Currently there are 2 independent registered properties, one of 84 m2 and the other of 120 m2.Plus a spectacular terrace of 379 sqm, where you can enjoy the breathtaking views of the sea, the mountains and the Mediterranean climate all year round. This terrace is perfect for outdoor gatherings, relaxing in the sun or simply enjoying the panoramic views. The building has a communal swimming pool and the property includes 2 parking spaces in the building next door. As for the location, it is worth mentioning the proximity of all services such as stores, pharmacies, supermarkets, a variety of restaurants, bus stops, a new ambulatory, which are within walking distance of the property. The old town is about 5 min walk from the property. In short, this penthouse is an excellent opportunity to buy a penthouse apartment in the center of the town.
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Currency Exchange
La Fontanilla, 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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,647,800 | £1,736,180 | £88,380 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,647,800 |
| Maximum cost in the last six months | £1,736,180 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,380 |
La Fontanilla, 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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,647,800 | £1,736,180 | £88,380 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,647,800 |
| Maximum cost in the last six months | £1,736,180 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,380 |
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 £88,380 more.
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