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Building with project approved by the Chamber of Porto, for the construction of a hotel of four stars
Porto, Portugal
REF: 60251
€2,650,000
Description
Building with project approved by the Chamber of Porto, for the construction of a hotel of four stars. This building consists of ground floor, a large warehouse and on the first floor there is spaces divided for offices/services. Real estate property is located in the Marginal do Freixo in Porto, close to the Palace of Freixo and the Museum of the Press. It also has excellent road access to the A1, A4 and VCI. It is 5 minutes from Porto downtown. Excellent business opportunity, with several possibilities of construction. CHARACTERISTICS:Area: 3 107 m2 | 33 443 sq ftBuilding Area: 4 966 m2 | 53 454 sq ftEnergy efficiency: EInternationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Building with project approved by the Chamber of Porto, for the construction of a hotel of four stars. This building consists of ground floor, a large warehouse and on the first floor there is spaces divided for offices/services. Real estate property is located in the Marginal do Freixo in Porto, close to the Palace of Freixo and the Museum of the Press. It also has excellent road access to the A1, A4 and VCI. It is 5 minutes from Porto downtown. Excellent business opportunity, with several possibilities of construction. CHARACTERISTICS:Area: 3 107 m2 | 33 443 sq ftBuilding Area: 4 966 m2 | 53 454 sq ftEnergy efficiency: EInternationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage. LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal. Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Currency Exchange
Porto, Portugal
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 €2,650,000 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 |
|---|---|---|---|
| €2,650,000 | £2,195,022 | £2,277,543 | £82,521 |
| Property Price € | €2,650,000 |
| Minimum cost in the last six months | £2,195,022 |
| Maximum cost in the last six months | £2,277,543 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £82,521 |
Porto, Portugal
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 €2,650,000 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 |
|---|---|---|---|
| €2,650,000 | £2,195,022 | £2,277,543 | £82,521 |
| Property Price € | €2,650,000 |
| Minimum cost in the last six months | £2,195,022 |
| Maximum cost in the last six months | £2,277,543 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £82,521 |
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 £82,521 more.
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