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Torre Maqueda - Palermo A seven floor tower block currently being completely renovated and refurbished, the Torre Maqueda Apartments are going to offer 21 new one- and two-bedroom flats at the centre of Palermo, just a stone's throw from all the city's major attractions
Palermo, Palermo, Italy
REF: 909685
€140,000
Description
Torre Maqueda - Palermo A seven floor tower block currently being completely renovated and refurbished, the Torre Maqueda Apartments are going to offer 21 new one- and two-bedroom flats at the centre of Palermo, just a stone's throw from all the city's major attractions. Ongoing Restoration Work The restoration work is scheduled to be completed in September 2025, with delivery of the homes in October. At this point you will be taking over a pristine, perfectly finished apartment with all modern conveniences. This includes a heating and cooling system, an efficient boiler and a freshly installed bathroom. Full length windows will be double glazed and floors will be a mix of easy-clean tile and warm parquet. Buyers who complete their purchase in the next months will have the chance to customise many aspects of their new home, including colours, materials and furnishings. It is even possible to buy two adjoining units and combine them to create a single, larger apartment with two bathrooms and extra bedrooms. Perfect Position The Torre Maqueda Apartments are right at the heart of Palermo. Just 200m away is the city's iconic opera house, the Teatro Massimo, and the beautiful open piazza that surrounds its grandiose front steps. If you haven't spent time in Sicily's capital in recent years, you will love what you find today. Twenty first century Palermo is a vibrant and modernising city with a beautiful new marina, a superb range of public parks and a good bar or restaurant on every corner. The old mafia stereotypes have never been less true, and nowhere is this more the case than the friendly and welcoming pedestrian-only confines of via Maqueda. Relax and Catch the Sun Outdoors As a final bonus, residents will have private access a shared outdoor space. The clubhouse level garden will be on the ground floor, with wooden decking and spaces to eat, meet and work. The upper floors will rise above the surrounding buildings, offering superb panoramic views of the centre of Palermo and the surrounding countryside. A Lucrative Investment Opportunity While the smaller flats in particular would be a bit small for year-round living, they would make perfect houses for investment use. We are even able to take care of the admin for you through our sister company, Solemar Sicilia. FOR A FULL DESCRIPTION OF THE PROPERTY PLEASE VISIT OUR WEBSITE
Torre Maqueda - Palermo A seven floor tower block currently being completely renovated and refurbished, the Torre Maqueda Apartments are going to offer 21 new one- and two-bedroom flats at the centre of Palermo, just a stone's throw from all the city's major attractions. Ongoing Restoration Work The restoration work is scheduled to be completed in September 2025, with delivery of the homes in October. At this point you will be taking over a pristine, perfectly finished apartment with all modern conveniences. This includes a heating and cooling system, an efficient boiler and a freshly installed bathroom. Full length windows will be double glazed and floors will be a mix of easy-clean tile and warm parquet. Buyers who complete their purchase in the next months will have the chance to customise many aspects of their new home, including colours, materials and furnishings. It is even possible to buy two adjoining units and combine them to create a single, larger apartment with two bathrooms and extra bedrooms. Perfect Position The Torre Maqueda Apartments are right at the heart of Palermo. Just 200m away is the city's iconic opera house, the Teatro Massimo, and the beautiful open piazza that surrounds its grandiose front steps. If you haven't spent time in Sicily's capital in recent years, you will love what you find today. Twenty first century Palermo is a vibrant and modernising city with a beautiful new marina, a superb range of public parks and a good bar or restaurant on every corner. The old mafia stereotypes have never been less true, and nowhere is this more the case than the friendly and welcoming pedestrian-only confines of via Maqueda. Relax and Catch the Sun Outdoors As a final bonus, residents will have private access a shared outdoor space. The clubhouse level garden will be on the ground floor, with wooden decking and spaces to eat, meet and work. The upper floors will rise above the surrounding buildings, offering superb panoramic views of the centre of Palermo and the surrounding countryside. A Lucrative Investment Opportunity While the smaller flats in particular would be a bit small for year-round living, they would make perfect houses for investment use. We are even able to take care of the admin for you through our sister company, Solemar Sicilia. FOR A FULL DESCRIPTION OF THE PROPERTY PLEASE VISIT OUR WEBSITE
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Currency Exchange
Palermo, Palermo, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
Palermo, Palermo, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
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 £4,360 more.
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