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Restaurant and Housing with fabulous views of the beach of Carvoeiro not to be missed!
Lagoa, Faro, Portugal, 8400-557
REF: 440345
€950,000
Description
Unique opportunity to acquire one of the popular and successful Bar Snack-Bar, Restaurant with a 3 bedroom apartment.
Established over 20 years ago, known for its relaxed atmosphere, fabulous outdoor terrace with spectacular views.
It is in great condition, being sold equipped, with all the necessary licenses and ready to work. This property with 170m2 and 2 separate entrances, consists of;
On the ground floor is the charming Snack Bar with seating area, gentlemen and ladies bathrooms with kitchen in the back and toilet service. The Bar benefits from a large terrace with several tables, depending on their layout, where you can relax with a delicious wine while enjoying the magnificent view.
This property is perfect for investment the way it is (bar and independent apartment) or you can turn it into your dream home or holiday home right in the centre of this fantastic villa with over 300 days of sunshine a year.
Carvoeiro offers a wide range of restaurants, with national and international cuisine, shops, bars, post office, minimarkets, banks, medical clinics, dentists, hairdressers, and also a nursery and primary school.
About 5 to 10 minutes by car found a large selection of supermarkets, Carvoeiro Tennis & Fitness Club, 2 championship golf courses (Gramacho and Pinta) and some of the most beautiful beaches in the Algarve (Benagil and Praia da Marinha).
Faro International Airport is a 40-45 minute drive away.
Do not miss this opportunity and contact us with more details and booking a visit to this property.
Unique opportunity to acquire one of the popular and successful Bar Snack-Bar, Restaurant with a 3 bedroom apartment.
Established over 20 years ago, known for its relaxed atmosphere, fabulous outdoor terrace with spectacular views.
It is in great condition, being sold equipped, with all the necessary licenses and ready to work. This property with 170m2 and 2 separate entrances, consists of;
On the ground floor is the charming Snack Bar with seating area, gentlemen and ladies bathrooms with kitchen in the back and toilet service. The Bar benefits from a large terrace with several tables, depending on their layout, where you can relax with a delicious wine while enjoying the magnificent view.
This property is perfect for investment the way it is (bar and independent apartment) or you can turn it into your dream home or holiday home right in the centre of this fantastic villa with over 300 days of sunshine a year.
Carvoeiro offers a wide range of restaurants, with national and international cuisine, shops, bars, post office, minimarkets, banks, medical clinics, dentists, hairdressers, and also a nursery and primary school.
About 5 to 10 minutes by car found a large selection of supermarkets, Carvoeiro Tennis & Fitness Club, 2 championship golf courses (Gramacho and Pinta) and some of the most beautiful beaches in the Algarve (Benagil and Praia da Marinha).
Faro International Airport is a 40-45 minute drive away.
Do not miss this opportunity and contact us with more details and booking a visit to this property.
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Property on Map
Currency Exchange
Lagoa, Faro, Portugal, 8400-557
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
Lagoa, Faro, Portugal, 8400-557
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
The exchange rate on the day you make an offer on your property in Portugal 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 £33,773 more.
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