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3 bedroom villa, with commercial space
Calheta, Ilha da Madeira, Portugal, 9370-221
REF: 681616
€650,000
Description
Building for sale in Estreito da Calheta consisting of a licensed commercial space with a 24-hour license (former facilities of the Seara restaurant and the Artcaffe bar), and a 3 bedroom villa on the upper floor.
The building is separated by 2 independent fractions in horizontal property. Commercial space on the ground floor where the Artcaffe bar and the Seara restaurant once were, with all active operating licenses, 24-hour use license, restaurant equipment are included in the sale, from refrigerators, tables, chairs, ovens, fryers, barbecue, chicken roasting machine, bread kneader, among other equipment. Parking lots for several cars, terrace, unique location, garage for 6 cars.
On the 1st floor we have a 3 bedroom villa, all bedrooms with private bathrooms, kitchen, dining room, and living room.
The building is located next to the entrance of the industrial park of Calheta, on regional road 222, 5 minutes from the expressway and like several industries.
SN Real Estate
Your real estate agency.
Building for sale in Estreito da Calheta consisting of a licensed commercial space with a 24-hour license (former facilities of the Seara restaurant and the Artcaffe bar), and a 3 bedroom villa on the upper floor.
The building is separated by 2 independent fractions in horizontal property. Commercial space on the ground floor where the Artcaffe bar and the Seara restaurant once were, with all active operating licenses, 24-hour use license, restaurant equipment are included in the sale, from refrigerators, tables, chairs, ovens, fryers, barbecue, chicken roasting machine, bread kneader, among other equipment. Parking lots for several cars, terrace, unique location, garage for 6 cars.
On the 1st floor we have a 3 bedroom villa, all bedrooms with private bathrooms, kitchen, dining room, and living room.
The building is located next to the entrance of the industrial park of Calheta, on regional road 222, 5 minutes from the expressway and like several industries.
SN Real Estate
Your real estate agency.
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Property on Map
Currency Exchange
Calheta, Ilha da Madeira, Portugal, 9370-221
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 €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 |
|---|---|---|---|
| €650,000 | £540,722 | £559,403 | £18,681 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £540,722 |
| Maximum cost in the last six months | £559,403 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,681 |
Calheta, Ilha da Madeira, Portugal, 9370-221
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 €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 |
|---|---|---|---|
| €650,000 | £540,722 | £559,403 | £18,681 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £540,722 |
| Maximum cost in the last six months | £559,403 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,681 |
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 £18,681 more.
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