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PROPERTY WITH GREAT POTENTIAL!! Villa for sale in Las Rotas, plot of 641 m2 where the property stands with the following distribution: Ground floor is currently a restaurant (with license), has a living - dining room for 40 diners, 2 toilets, open outdoor terrace for another 20/25 diners, industri
Denia, Alicante, Spain
REF: 955826
€500,000
Description
PROPERTY WITH GREAT POTENTIAL!! Villa for sale in Las Rotas, plot of 641 m2 where the property stands with the following distribution: Ground floor is currently a restaurant (with license), has a living - dining room for 40 diners, 2 toilets, open outdoor terrace for another 20/25 diners, industrial kitchen, several storage rooms and warehouses etc... By external staircase you ascend to a house with a covered terrace, living - dining room with fireplace, independent kitchen, 2 bedrooms and 1 bathroom with shower. There is the possibility of converting (processing a project in the town hall) both floors into a single-family home or two independent ones as well as making a swimming pool since in the current parking lot there is enough space to do it. Residential area just 1,000 m from the coves of Las Rotas and 3 km from Dénia town center.
PROPERTY WITH GREAT POTENTIAL!! Villa for sale in Las Rotas, plot of 641 m2 where the property stands with the following distribution: Ground floor is currently a restaurant (with license), has a living - dining room for 40 diners, 2 toilets, open outdoor terrace for another 20/25 diners, industrial kitchen, several storage rooms and warehouses etc... By external staircase you ascend to a house with a covered terrace, living - dining room with fireplace, independent kitchen, 2 bedrooms and 1 bathroom with shower. There is the possibility of converting (processing a project in the town hall) both floors into a single-family home or two independent ones as well as making a swimming pool since in the current parking lot there is enough space to do it. Residential area just 1,000 m from the coves of Las Rotas and 3 km from Dénia town center.
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Currency Exchange
Denia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £412,680 | £434,045 | £21,365 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,680 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,365 |
Denia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £412,680 | £434,045 | £21,365 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,680 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,365 |
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 £21,365 more.
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