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Complete building in the center of Machico
Machico, Ilha da Madeira, Portugal, 9200-094
REF: 531618
€300,000
Description
Complete building in the center of Machico for investment, with snack bar equipped and ready to open, plus 2 floors of housing that needs works Complete building in the center of Machico for investment.
On the ground floor we have a snack bar, fully equipped and ready to open, with toilet for customers, kitchen and various equipment, which can be transformed into any other branch of business.
On the upper floor, we have housing with 2 bedrooms, living room, kitchen and toilet.
On the other floor above we have 1 bedroom and laundry room, with a large terrace.
This property fits into the ARU area of machico city, which facilitates all investment.
If you want to monetize this building, you can build 2 to 3 apartments T1 or T2 and you can also climb a new floor, since the surroundings also have an overfloor.
Therefore, we present a complete building with several chances to monetize and guarantee your investment.
Contact us to learn more and schedule a visit, so that you can learn about the true potential of this building.
SN YOUR RELIABLE REAL ESTATE
Complete building in the center of Machico for investment, with snack bar equipped and ready to open, plus 2 floors of housing that needs works Complete building in the center of Machico for investment.
On the ground floor we have a snack bar, fully equipped and ready to open, with toilet for customers, kitchen and various equipment, which can be transformed into any other branch of business.
On the upper floor, we have housing with 2 bedrooms, living room, kitchen and toilet.
On the other floor above we have 1 bedroom and laundry room, with a large terrace.
This property fits into the ARU area of machico city, which facilitates all investment.
If you want to monetize this building, you can build 2 to 3 apartments T1 or T2 and you can also climb a new floor, since the surroundings also have an overfloor.
Therefore, we present a complete building with several chances to monetize and guarantee your investment.
Contact us to learn more and schedule a visit, so that you can learn about the true potential of this building.
SN YOUR RELIABLE REAL ESTATE
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Property on Map
Currency Exchange
Machico, Ilha da Madeira, Portugal, 9200-094
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 €300,000 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 |
|---|---|---|---|
| €300,000 | £248,493 | £257,835 | £9,342 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £248,493 |
| Maximum cost in the last six months | £257,835 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,342 |
Machico, Ilha da Madeira, Portugal, 9200-094
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 €300,000 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 |
|---|---|---|---|
| €300,000 | £248,493 | £257,835 | £9,342 |
| Property Price € | €300,000 |
| Minimum cost in the last six months | £248,493 |
| Maximum cost in the last six months | £257,835 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,342 |
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 £9,342 more.
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