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OLHÃO - BAIXA - OLD WAREHOUSE - TO REHABILITATE
Olhão, Algarve, Portugal
REF: 675925
€500,000
Description
Old warehouse with 2 floors and 790 m2 of gross area, located in the heart of the city of Olhão.
The building needs full recovery and has a project for its conversion into a 4-storey residential building. Old warehouse with 2 floors and 790 m2 of gross area, located in the heart of the city of Olhão.
The building needs full recovery and has a project for its conversion into a housing building of 4 floors, with the following characteristics:
Floor 0 intended for the construction of 9 garages in box and 1 T2 apartment.
Floor 1 for construction of 2 T2 apartments and 1 T3 apartment.
Floor 2 for 3 apartments (1 T1, 1 T2 and 1 T3).
Floor 3 intended for the construction of 2 apartments T3.
The location of this building, in the heart of downtown, is in itself synonymous with quality of life.
Nearby you will find several local shops, restaurants, cafes with sunny terraces, and you can also enjoy some cultural spaces and the riverside area, with all its dynamics so characteristic.
Excellent investment opportunity in a place with guaranteed profitability.
For more information or to schedule a visit, please contact us.
Old warehouse with 2 floors and 790 m2 of gross area, located in the heart of the city of Olhão.
The building needs full recovery and has a project for its conversion into a 4-storey residential building. Old warehouse with 2 floors and 790 m2 of gross area, located in the heart of the city of Olhão.
The building needs full recovery and has a project for its conversion into a housing building of 4 floors, with the following characteristics:
Floor 0 intended for the construction of 9 garages in box and 1 T2 apartment.
Floor 1 for construction of 2 T2 apartments and 1 T3 apartment.
Floor 2 for 3 apartments (1 T1, 1 T2 and 1 T3).
Floor 3 intended for the construction of 2 apartments T3.
The location of this building, in the heart of downtown, is in itself synonymous with quality of life.
Nearby you will find several local shops, restaurants, cafes with sunny terraces, and you can also enjoy some cultural spaces and the riverside area, with all its dynamics so characteristic.
Excellent investment opportunity in a place with guaranteed profitability.
For more information or to schedule a visit, please contact us.
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Property on Map
Currency Exchange
Olhão, Algarve, 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 €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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
Olhão, Algarve, 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 €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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
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