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Building with 3 Bed Apartment + Commercial Shop (Food & Drinks)
Loulé, Faro, Portugal, 8100-012
REF: 546889
€640,000
Description
Charming property, rebuilt and modernised, has two fronts and is located in the centre of Alte, one of the most beautiful villages in the Algarve. On the first floor has a modern apartment fully equipped and ready to move in, on the ground floor has a commercial shop, the renovation is currently being finalized and will be equipped for food & drink business.
It is ideal for having your own business and living on the first floor, set in a quiet urban location but at the same time typical of the countryside. But the options are endless as it would be possible to use the commercial area and rent the apartment or live in the apartment and rent the commercial shop.
The facades have the features of the manor houses with natural stone framing the doors and windows, tiles in the outside walls used in ancient times which are easy to maintain, and also the high ceilings gives a fantastic atmosphere. The materials quality used in the renovation are excellent. All the existing window openings were used, giving a lot of natural light to the interior as each room has two or more windows with tilt-stop frames and double glazing.
The apartment is glamorous, it has an open plan living room and kitchen, three bedrooms, one en suite plus two bathrooms, it has a fantastic usable roof top terrace with breathtaking views. The shop will be sold completely modernised and ready to start a new business, this is really an opportunity not to be missed for those who want to start a new relaxed lifestyle surrounded with the nice sense of this part of the world.
Charming property, rebuilt and modernised, has two fronts and is located in the centre of Alte, one of the most beautiful villages in the Algarve. On the first floor has a modern apartment fully equipped and ready to move in, on the ground floor has a commercial shop, the renovation is currently being finalized and will be equipped for food & drink business.
It is ideal for having your own business and living on the first floor, set in a quiet urban location but at the same time typical of the countryside. But the options are endless as it would be possible to use the commercial area and rent the apartment or live in the apartment and rent the commercial shop.
The facades have the features of the manor houses with natural stone framing the doors and windows, tiles in the outside walls used in ancient times which are easy to maintain, and also the high ceilings gives a fantastic atmosphere. The materials quality used in the renovation are excellent. All the existing window openings were used, giving a lot of natural light to the interior as each room has two or more windows with tilt-stop frames and double glazing.
The apartment is glamorous, it has an open plan living room and kitchen, three bedrooms, one en suite plus two bathrooms, it has a fantastic usable roof top terrace with breathtaking views. The shop will be sold completely modernised and ready to start a new business, this is really an opportunity not to be missed for those who want to start a new relaxed lifestyle surrounded with the nice sense of this part of the world.
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Currency Exchange
Loulé, Faro, Portugal, 8100-012
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 €640,000 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 |
|---|---|---|---|
| €640,000 | £530,118 | £550,048 | £19,930 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £530,118 |
| Maximum cost in the last six months | £550,048 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,930 |
Loulé, Faro, Portugal, 8100-012
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 €640,000 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 |
|---|---|---|---|
| €640,000 | £530,118 | £550,048 | £19,930 |
| Property Price € | €640,000 |
| Minimum cost in the last six months | £530,118 |
| Maximum cost in the last six months | £550,048 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,930 |
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 £19,930 more.
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