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Urban Land Vale Carro
Albufeira, Faro, Portugal, 8200-385
REF: 489750
€3,500,000
Description
Land with urban area Land with 10ha with feasibility for the construction of a Rural Hotel of 2 floors, with 30 to 40 rooms. The hotel will be prepared for people with reduced mobility, with dining room, sanitary facilities, living room with bar service and a shop with farm products.
It is in a great location, a 10-minute drive from Albufeira, and the beach of Galé, São Rafel and Salgados. Close to several services such as supermarkets, restaurants and algarve shopping. Perfect location for a tourist project.
It is currently being used as an organic farm for vegetables (lettuce, potato, cucumber, pea, etc.), fruits (melons, grapes, watermelons, citrus fruits) and animals (ducks, chickens, sheep, goats, pigs, turkeys).
There are 2 holes in the terrain for your water supply, but you also have access to the public water and sewage network.
Electricity and telephone network already on site.
For visit appointment, whether face-to-face or video called, just contact us.
Land with urban area Land with 10ha with feasibility for the construction of a Rural Hotel of 2 floors, with 30 to 40 rooms. The hotel will be prepared for people with reduced mobility, with dining room, sanitary facilities, living room with bar service and a shop with farm products.
It is in a great location, a 10-minute drive from Albufeira, and the beach of Galé, São Rafel and Salgados. Close to several services such as supermarkets, restaurants and algarve shopping. Perfect location for a tourist project.
It is currently being used as an organic farm for vegetables (lettuce, potato, cucumber, pea, etc.), fruits (melons, grapes, watermelons, citrus fruits) and animals (ducks, chickens, sheep, goats, pigs, turkeys).
There are 2 holes in the terrain for your water supply, but you also have access to the public water and sewage network.
Electricity and telephone network already on site.
For visit appointment, whether face-to-face or video called, just contact us.
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Property on Map
Currency Exchange
Albufeira, Faro, Portugal, 8200-385
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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
Albufeira, Faro, Portugal, 8200-385
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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
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 £108,990 more.
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