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Apartment for sale with tenants and guaranteed rental income
Torrevieja, Alicante, Spain
REF: 985986
€110,000
Description
Apartment for sale with tenants and guaranteed rental income. Excellent investment opportunity in the heart of Torrevieja, offering immediate returns from day one. Property features: Built area: 51 m Layout: 1 bedroom, living-dining room, separate kitchen, full bathroom, and interior patio (first floor unit). Building with elevator. Current rental status: The property is being sold with an existing rental contract in place. Reliable tenants currently paying 500/month, with verifiable payment records. Legally binding contract in good standing, all payments up to date. Additional notes: Located in the very centre of Torrevieja, this property offers an excellent return on investment and stable monthly income. Ideal for investors looking for an income-generating asset. Please note: The sale of this property is subject to the continuation of the current rental agreement.
Apartment for sale with tenants and guaranteed rental income. Excellent investment opportunity in the heart of Torrevieja, offering immediate returns from day one. Property features: Built area: 51 m Layout: 1 bedroom, living-dining room, separate kitchen, full bathroom, and interior patio (first floor unit). Building with elevator. Current rental status: The property is being sold with an existing rental contract in place. Reliable tenants currently paying 500/month, with verifiable payment records. Legally binding contract in good standing, all payments up to date. Additional notes: Located in the very centre of Torrevieja, this property offers an excellent return on investment and stable monthly income. Ideal for investors looking for an income-generating asset. Please note: The sale of this property is subject to the continuation of the current rental agreement.
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Currency Exchange
Torrevieja, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £90,800 | £95,490 | £4,690 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £90,800 |
| Maximum cost in the last six months | £95,490 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,690 |
Torrevieja, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £90,800 | £95,490 | £4,690 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £90,800 |
| Maximum cost in the last six months | £95,490 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,690 |
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 £4,690 more.
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