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We are proud to present this fantastic investment property in the centre of Elda, Alicante
Elda, Alicante, Spain
REF: 978155
€275,000
Description
We are proud to present this fantastic investment property in the centre of Elda, Alicante. The property is a 4-floor building which consists of 3 ground floor commercial units, the 1st and 2nd floor are large open spaces of 180m2 each and the top floor is a large 180m2 apartment. An investor could easily convert this building into an apartment block with 5 or more apartments.
The ground floor has a large commercial unit that is currently rented out and 2 smaller units that could be rented out or used as garages. The 1st and 2nd floor have their own entrance and could be converted into 4, 90m2 apartments with ease. The 3 floor again has its own entrance and lift. The top floor is a spacious 4 bed, 2 bath apartment with 2 living rooms, large kitchen, and large interior terrace perfect for entertaining.
The building has a great location. It is close to schools, shops, bars, restaurants, and you re all-round day-to-day amenities. Elda/Petrer is large city around 30 minutes inland from Alicante and is very well connected. There are bus routes, a train station and great access to the A31 Alicante- Madrid motorway.
We are proud to present this fantastic investment property in the centre of Elda, Alicante. The property is a 4-floor building which consists of 3 ground floor commercial units, the 1st and 2nd floor are large open spaces of 180m2 each and the top floor is a large 180m2 apartment. An investor could easily convert this building into an apartment block with 5 or more apartments.
The ground floor has a large commercial unit that is currently rented out and 2 smaller units that could be rented out or used as garages. The 1st and 2nd floor have their own entrance and could be converted into 4, 90m2 apartments with ease. The 3 floor again has its own entrance and lift. The top floor is a spacious 4 bed, 2 bath apartment with 2 living rooms, large kitchen, and large interior terrace perfect for entertaining.
The building has a great location. It is close to schools, shops, bars, restaurants, and you re all-round day-to-day amenities. Elda/Petrer is large city around 30 minutes inland from Alicante and is very well connected. There are bus routes, a train station and great access to the A31 Alicante- Madrid motorway.
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Property on Map
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 €275,000 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 |
|---|---|---|---|
| €275,000 | £226,974 | £238,725 | £11,751 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £226,974 |
| Maximum cost in the last six months | £238,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,751 |
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 €275,000 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 |
|---|---|---|---|
| €275,000 | £226,974 | £238,725 | £11,751 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £226,974 |
| Maximum cost in the last six months | £238,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,751 |
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 £11,751 more.
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