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Land for sale with project for a 4 star rural hotel - Albufeira
Albufeira, Portugal
REF: 780174
€4,000,000
Description
This parcel of land, as an approved project for a 4 star rural hotel in a plot of 100 520 m2. The construction has a total of 2000 m2 distributed in 3 blocks. Two of them for guest units, and the third one for the hotel services. The two guest blocks are designed to be partly below ground and south-west facing, to minimize its impact on the natural surroundings and to take advantage of the south views. There will be 39 guest units in total. 20 on the 1st floor, and 19 units on the lower level, breakfast area and cooking area, washrooms, lounge area with Bar and a gift shop. There is also 13 parking units allocated on the exterior, plus 12 in the garage on the lower level. The swimming pools (adult and children s) are located on the East side. Some of the traditional farmhouse features which will be maintained on the rural hotel project to maintain the character of the existing property and to build the hotel as an Algarvean quinta. The property has an excellent location for access to the beach, the Albufeira Marina and Shopping centre.
This parcel of land, as an approved project for a 4 star rural hotel in a plot of 100 520 m2. The construction has a total of 2000 m2 distributed in 3 blocks. Two of them for guest units, and the third one for the hotel services. The two guest blocks are designed to be partly below ground and south-west facing, to minimize its impact on the natural surroundings and to take advantage of the south views. There will be 39 guest units in total. 20 on the 1st floor, and 19 units on the lower level, breakfast area and cooking area, washrooms, lounge area with Bar and a gift shop. There is also 13 parking units allocated on the exterior, plus 12 in the garage on the lower level. The swimming pools (adult and children s) are located on the East side. Some of the traditional farmhouse features which will be maintained on the rural hotel project to maintain the character of the existing property and to build the hotel as an Algarvean quinta. The property has an excellent location for access to the beach, the Albufeira Marina and Shopping centre.
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Currency Exchange
Albufeira, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,313,240 | £3,437,800 | £124,560 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,313,240 |
| Maximum cost in the last six months | £3,437,800 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,560 |
Albufeira, 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 €4,000,000 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 |
|---|---|---|---|
| €4,000,000 | £3,313,240 | £3,437,800 | £124,560 |
| Property Price € | €4,000,000 |
| Minimum cost in the last six months | £3,313,240 |
| Maximum cost in the last six months | £3,437,800 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,560 |
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 £124,560 more.
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