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Palazzo Laura - Palermo With work already underway and delivery expected in 2025, Palazzo Laura is a comprehensive renovation project involving a beautiful one hundred year old building in the centre of Palermo
Palermo, Palermo, Italy
REF: 957422
€129,000
Description
Palazzo Laura - Palermo With work already underway and delivery expected in 2025, Palazzo Laura is a comprehensive renovation project involving a beautiful one hundred year old building in the centre of Palermo. COSY AND STYLISH ONE-BEDROOM FLATS Twenty units have been realised in a mix of different styles, and only four remain to be snapped up. Three of these are one-bedroom apartments on the second floor. Two of the options have windows onto the internal courtyard and little covered terraces of about 8m2. The third one faces west onto the street outside, and has a small balcony overhanging the road. The larger two have twin bathrooms, a bedroom and a kitchen-living area, while the smallest has a large entrance hall and a single flexible living space. STATEMENT TOP FLOOR OPTION WITH A VAST PRIVATE ROOF TERRACE The feature unit on the top floor will have exclusive access to an incredible roof terrace measuring over 90m2. With the chance to dine outdoors, entertain visitors in style or just soak up the afternoon sun, this is sure to be in hot demand. Indoors, it will be a 56m2 property with a separate kitchen, in contrast to the open design of the lower flats. As the only apartment on this top level it will have the added advantage of increased privacy and the reduced noise level that comes from being slightly higher above the street. TOP CITY CENTRE LOCATION The building to be renovated is just a five minute walk from the city's main Policlinico university hospital, and ten minutes from its primary public transport hub, Centrale station. You can reach the cathedral in around the same time, the bars of via Maqueda in only slightly more and the seafront in less than twenty minutes. The main campus of the University of Palermo is just fifteen minutes away, making this a great investment opportunity with a ready made supply of tenants. FOR A FULL DESCRIPTION OF THE PROPERTY PLEASE VISIT OUR WEBSITE
Palazzo Laura - Palermo With work already underway and delivery expected in 2025, Palazzo Laura is a comprehensive renovation project involving a beautiful one hundred year old building in the centre of Palermo. COSY AND STYLISH ONE-BEDROOM FLATS Twenty units have been realised in a mix of different styles, and only four remain to be snapped up. Three of these are one-bedroom apartments on the second floor. Two of the options have windows onto the internal courtyard and little covered terraces of about 8m2. The third one faces west onto the street outside, and has a small balcony overhanging the road. The larger two have twin bathrooms, a bedroom and a kitchen-living area, while the smallest has a large entrance hall and a single flexible living space. STATEMENT TOP FLOOR OPTION WITH A VAST PRIVATE ROOF TERRACE The feature unit on the top floor will have exclusive access to an incredible roof terrace measuring over 90m2. With the chance to dine outdoors, entertain visitors in style or just soak up the afternoon sun, this is sure to be in hot demand. Indoors, it will be a 56m2 property with a separate kitchen, in contrast to the open design of the lower flats. As the only apartment on this top level it will have the added advantage of increased privacy and the reduced noise level that comes from being slightly higher above the street. TOP CITY CENTRE LOCATION The building to be renovated is just a five minute walk from the city's main Policlinico university hospital, and ten minutes from its primary public transport hub, Centrale station. You can reach the cathedral in around the same time, the bars of via Maqueda in only slightly more and the seafront in less than twenty minutes. The main campus of the University of Palermo is just fifteen minutes away, making this a great investment opportunity with a ready made supply of tenants. 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 €129,000 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 |
|---|---|---|---|
| €129,000 | £106,283 | £109,396 | £3,113 |
| Property Price € | €129,000 |
| Minimum cost in the last six months | £106,283 |
| Maximum cost in the last six months | £109,396 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,113 |
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 €129,000 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 |
|---|---|---|---|
| €129,000 | £106,283 | £109,396 | £3,113 |
| Property Price € | €129,000 |
| Minimum cost in the last six months | £106,283 |
| Maximum cost in the last six months | £109,396 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,113 |
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 £3,113 more.
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