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CASTELNUOVO DI GARFAGNANA-CENTRE REF 823
Castelnuovo Garfagnana, Tuscany, Italy
REF: 14803
€100,000
Description
CASTELNUOVO DI GARFAGNANA-CENTRE REF 823Centrally located offices with potential for business or change of use to apartment Offices for sale on the first (top) floor of a recently restored, historic palazzo , centrally located next to a small piazza/car park within the historic walls of the bustling market town of Castelnuovo G. There are 5 offices, ranging from 12.6 sqm to 18 sqm (with balcony) and a bathroom. The owner would prefer to sell the whole of the upper floor but the offices are also available separately from 30,000 euros (negotiable) for the smallest one. We understand from the owner (who is an architect) that permission for change of use to an apartment would be granted and the resulting apartment (about 110 sqm) would be spacious, airy and very well positioned. The medieval town of Castelnuovo G. (227m/745ft; population 8,000) lies in the heart of the Garfagnana, as this stretch of the fertile valley of the Serchio, flanked by the Apuan Alps to the west and Apennines to the east, is known. The district provides a range of sporting activities and promotes folk, agricultural and cultural events. Castelnuovo is about 11km from the walled town of Barga, 43 km from Lucca and 66 km from Pisa airport, which is less than 1 hours drive away. Castelnuovo train station (about 10 minutes walk from the property) is on the main Pisa/Lucca to Aulla line and there is a bus station with good links to the surrounding area. Skiing (Abetone - 45km) and the coast (Forte dei Marmi 43km) are both less than an hour's drive away (in opposite directions!)
CASTELNUOVO DI GARFAGNANA-CENTRE REF 823Centrally located offices with potential for business or change of use to apartment Offices for sale on the first (top) floor of a recently restored, historic palazzo , centrally located next to a small piazza/car park within the historic walls of the bustling market town of Castelnuovo G. There are 5 offices, ranging from 12.6 sqm to 18 sqm (with balcony) and a bathroom. The owner would prefer to sell the whole of the upper floor but the offices are also available separately from 30,000 euros (negotiable) for the smallest one. We understand from the owner (who is an architect) that permission for change of use to an apartment would be granted and the resulting apartment (about 110 sqm) would be spacious, airy and very well positioned. The medieval town of Castelnuovo G. (227m/745ft; population 8,000) lies in the heart of the Garfagnana, as this stretch of the fertile valley of the Serchio, flanked by the Apuan Alps to the west and Apennines to the east, is known. The district provides a range of sporting activities and promotes folk, agricultural and cultural events. Castelnuovo is about 11km from the walled town of Barga, 43 km from Lucca and 66 km from Pisa airport, which is less than 1 hours drive away. Castelnuovo train station (about 10 minutes walk from the property) is on the main Pisa/Lucca to Aulla line and there is a bus station with good links to the surrounding area. Skiing (Abetone - 45km) and the coast (Forte dei Marmi 43km) are both less than an hour's drive away (in opposite directions!)
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Currency Exchange
Castelnuovo Garfagnana, Tuscany, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €100,000 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 |
|---|---|---|---|
| €100,000 | £83,188 | £86,062 | £2,874 |
| Property Price € | €100,000 |
| Minimum cost in the last six months | £83,188 |
| Maximum cost in the last six months | £86,062 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,874 |
Castelnuovo Garfagnana, Tuscany, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €100,000 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 |
|---|---|---|---|
| €100,000 | £83,188 | £86,062 | £2,874 |
| Property Price € | €100,000 |
| Minimum cost in the last six months | £83,188 |
| Maximum cost in the last six months | £86,062 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,874 |
The exchange rate on the day you make an offer on your property in Italy 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 £2,874 more.
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