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A Central Commercial Development Opportunity for Motorhomes in Albufeira
Albufeira, Faro, Portugal, 8200
REF: 741533
€520,000
Description
An amazing opportunity to purchase a plot of land with outline permission to develop into a full-service motorhome park with reception, sanitary facilities, and admin offices. Available mains utilities will be water, sewerage, and electricity. Will require construction works to satisfy project permissions. If you€™re looking for an easily managed, year-round commercial opportunity in the beautiful central Algarve, this interesting plot of land once developed to project outline will accommodate 41 motorhomes and two visitors on 4,500m2.
Travelling Europe in motorhomes is one of the fastest growing visitor sectors since the pandemic, with the demand for safe and sanitary modern facilities attracting high nightly rates from a loyal customer base.
This particular site will be secured behind a wall and indigenous planting and is envisaged to have full reception facilities, mains water, electricity hook-up and full sanitary arrangements for emptying cassettes. The planning permission also allows for administrative space and restrooms for employees. The plot also has a borehole.
This easily managed business provides a year-round income with potential for word of mouth growth from a highly engaged visitor audience. It€™s location close to Albufeira Marina and the historic Old Town will make this a destination for motorhomes owners of all ages.
An amazing opportunity to purchase a plot of land with outline permission to develop into a full-service motorhome park with reception, sanitary facilities, and admin offices. Available mains utilities will be water, sewerage, and electricity. Will require construction works to satisfy project permissions. If you€™re looking for an easily managed, year-round commercial opportunity in the beautiful central Algarve, this interesting plot of land once developed to project outline will accommodate 41 motorhomes and two visitors on 4,500m2.
Travelling Europe in motorhomes is one of the fastest growing visitor sectors since the pandemic, with the demand for safe and sanitary modern facilities attracting high nightly rates from a loyal customer base.
This particular site will be secured behind a wall and indigenous planting and is envisaged to have full reception facilities, mains water, electricity hook-up and full sanitary arrangements for emptying cassettes. The planning permission also allows for administrative space and restrooms for employees. The plot also has a borehole.
This easily managed business provides a year-round income with potential for word of mouth growth from a highly engaged visitor audience. It€™s location close to Albufeira Marina and the historic Old Town will make this a destination for motorhomes owners of all ages.
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Currency Exchange
Albufeira, Faro, Portugal, 8200
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 €520,000 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 |
|---|---|---|---|
| €520,000 | £430,721 | £446,914 | £16,193 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £430,721 |
| Maximum cost in the last six months | £446,914 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,193 |
Albufeira, Faro, Portugal, 8200
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 €520,000 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 |
|---|---|---|---|
| €520,000 | £430,721 | £446,914 | £16,193 |
| Property Price € | €520,000 |
| Minimum cost in the last six months | £430,721 |
| Maximum cost in the last six months | £446,914 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,193 |
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 £16,193 more.
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