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We present an opportunity for investors in the restaurant real estate sector
Funchal, Ilha da Madeira, Portugal
REF: 753228
€295,000
Description
We present an opportunity for investors in the restaurant real estate sector. A restaurant strategically located in Funchal. With a large investment, it is established as a truly lucrative venture Located in a privileged, residential and very busy location, in São Martinho, with a variety of services in this restaurant, with a diversified clientele, including local residents and tourists. The transfer includes a series of essential equipment for the operation of restaurants such as industrial ovens, industrial kitchens, refrigerators and much more equipment, offering an excellent base for a new owner. Padaria, pasteleira, geladeira, roasted frango factory with all equipment in operation Nosso Traspasse is currently in operation, with a capacity for 30 people, a large esplanade for 90 people and a private car park. Rental value: €1,200 Transfer value: €295,000 The price of the transfer and the terms of sales são negociáveis provided a flexible opportunity to acquire an already established restaurant with enormous growth potential. Interested? Contact us for more information or visit! Sthefany De Blasi (+351) 937029601 #ref: 107901
We present an opportunity for investors in the restaurant real estate sector. A restaurant strategically located in Funchal. With a large investment, it is established as a truly lucrative venture Located in a privileged, residential and very busy location, in São Martinho, with a variety of services in this restaurant, with a diversified clientele, including local residents and tourists. The transfer includes a series of essential equipment for the operation of restaurants such as industrial ovens, industrial kitchens, refrigerators and much more equipment, offering an excellent base for a new owner. Padaria, pasteleira, geladeira, roasted frango factory with all equipment in operation Nosso Traspasse is currently in operation, with a capacity for 30 people, a large esplanade for 90 people and a private car park. Rental value: €1,200 Transfer value: €295,000 The price of the transfer and the terms of sales são negociáveis provided a flexible opportunity to acquire an already established restaurant with enormous growth potential. Interested? Contact us for more information or visit! Sthefany De Blasi (+351) 937029601 #ref: 107901
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Currency Exchange
Funchal, Ilha da Madeira, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £247,599 | £254,455 | £6,856 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £247,599 |
| Maximum cost in the last six months | £254,455 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,856 |
Funchal, Ilha da Madeira, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £247,599 | £254,455 | £6,856 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £247,599 |
| Maximum cost in the last six months | £254,455 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,856 |
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 £6,856 more.
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