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Building with 688 s qm of area on the Cais da Ribeira do Porto, an integral part of the wall and the best tourist area between Praça do Cubo and Ponte Luís I
Vitória, Porto, Portugal
REF: 706083
€3,250,000
Description
Building with 688 s qm of area on the Cais da Ribeira do Porto, an integral part of the wall and the best tourist area between Praça do Cubo and Ponte Luís I. This building benefits from the vibrant and picturesque atmosphere that make Porto one of the most recognized areas in all of Europe. Due to its fantastic location in front of the Douro River, it offers unalterable views of the river, the Luís I Bridge, as well as the entire Ribeira, Vila Nova de Gaia, Serra do Pilar, and all the movement and buzz of the riverfront. Of traditional Portuguese moth, displaying its colorful façade and large windows, it represents a charming property ideal for a hotel, apartments, restaurants, among others. With a total area of 688sqm, distributed over 5 floors and independent entrances. Its location next to downtown Porto, its most important monuments, restaurants, shops and transport makes this property, unique, an excellent investment opportunity. License for services. Space is leased with income. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us! /n
Building with 688 s qm of area on the Cais da Ribeira do Porto, an integral part of the wall and the best tourist area between Praça do Cubo and Ponte Luís I. This building benefits from the vibrant and picturesque atmosphere that make Porto one of the most recognized areas in all of Europe. Due to its fantastic location in front of the Douro River, it offers unalterable views of the river, the Luís I Bridge, as well as the entire Ribeira, Vila Nova de Gaia, Serra do Pilar, and all the movement and buzz of the riverfront. Of traditional Portuguese moth, displaying its colorful façade and large windows, it represents a charming property ideal for a hotel, apartments, restaurants, among others. With a total area of 688sqm, distributed over 5 floors and independent entrances. Its location next to downtown Porto, its most important monuments, restaurants, shops and transport makes this property, unique, an excellent investment opportunity. License for services. Space is leased with income. For over 25 years Castelhana has been a renowned name in the Portuguese real estate sector. As a company of Dils group, we specialize in advising businesses, organizations and (institutional) investors in buying, selling, renting, letting and development of residential properties. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal over the years, with over 600 renovation and new construction projects. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us! /n
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Currency Exchange
Vitória, 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 €3,250,000 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 |
|---|---|---|---|
| €3,250,000 | £2,692,008 | £2,793,213 | £101,205 |
| Property Price € | €3,250,000 |
| Minimum cost in the last six months | £2,692,008 |
| Maximum cost in the last six months | £2,793,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £101,205 |
Vitória, 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 €3,250,000 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 |
|---|---|---|---|
| €3,250,000 | £2,692,008 | £2,793,213 | £101,205 |
| Property Price € | €3,250,000 |
| Minimum cost in the last six months | £2,692,008 |
| Maximum cost in the last six months | £2,793,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £101,205 |
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 £101,205 more.
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