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This is an exclusive opportunity for visionary investors: A building plot of 7001sqm (1001sqm urban and 6000sqm rustic) with a ruin property to restore with 464sqm of implantation area, 575sqm of gross construction area, 44sqm of dependent area and 530sqm of gross private area, this ruin was once a
Esposende, Braga, Portugal
REF: 776969
€425,000
Description
This is an exclusive opportunity for visionary investors: A building plot of 7001sqm (1001sqm urban and 6000sqm rustic) with a ruin property to restore with 464sqm of implantation area, 575sqm of gross construction area, 44sqm of dependent area and 530sqm of gross private area, this ruin was once a Bar/Restaurant/Discotheque that could be completely restored. As it is a ruin, this property is exempt from the energy certificate and has a declaration of exemption drawn up by an expert certified by Adene. This land is part of an area classified as an Economic Activity Area according to the Esposende PDM's zoning plan and described in the PIP as such: The conditioning plan does not define any restriction or use for its transformation. In accordance with the provisions of article 54 of the RPDM, economic activity areas are intended for the installation of industrial and storage units as the dominant use, as well as activities which, due to their characteristics, are incompatible with their location in the other categories of urban land. The installation of services and business support equipment is permitted in these spaces as complementary uses to the dominant use, including built components for the accommodation of surveillance or security personnel. These spaces may also be used for the installation of commercial areas, hotel establishments, food and beverage establishments and services compatible with the vicinity of industrial activities. If you want to acquire a Mac Donalds, Burger King, Hotel Formule 1, Kyriad, Contact Hotel, Aldi, Lidl, Mercadona franchise, build a shopping center or a nightclub? This land is ideal for your commercial project! Do you dream of undertaking a unique and transformative project? Schedule a visit and start making your dream come true right now. #ref: 110148
This is an exclusive opportunity for visionary investors: A building plot of 7001sqm (1001sqm urban and 6000sqm rustic) with a ruin property to restore with 464sqm of implantation area, 575sqm of gross construction area, 44sqm of dependent area and 530sqm of gross private area, this ruin was once a Bar/Restaurant/Discotheque that could be completely restored. As it is a ruin, this property is exempt from the energy certificate and has a declaration of exemption drawn up by an expert certified by Adene. This land is part of an area classified as an Economic Activity Area according to the Esposende PDM's zoning plan and described in the PIP as such: The conditioning plan does not define any restriction or use for its transformation. In accordance with the provisions of article 54 of the RPDM, economic activity areas are intended for the installation of industrial and storage units as the dominant use, as well as activities which, due to their characteristics, are incompatible with their location in the other categories of urban land. The installation of services and business support equipment is permitted in these spaces as complementary uses to the dominant use, including built components for the accommodation of surveillance or security personnel. These spaces may also be used for the installation of commercial areas, hotel establishments, food and beverage establishments and services compatible with the vicinity of industrial activities. If you want to acquire a Mac Donalds, Burger King, Hotel Formule 1, Kyriad, Contact Hotel, Aldi, Lidl, Mercadona franchise, build a shopping center or a nightclub? This land is ideal for your commercial project! Do you dream of undertaking a unique and transformative project? Schedule a visit and start making your dream come true right now. #ref: 110148
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Currency Exchange
Esposende, Braga, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £350,158 | £365,266 | £15,109 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £350,158 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,109 |
Esposende, Braga, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £350,158 | £365,266 | £15,109 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £350,158 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,109 |
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 £15,109 more.
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