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Land with 2,320m2 ideal for Senior Residences project
Faro, Faro, Portugal, 8005-491
REF: 802297
€650,000
Description
Land located next to the village of Santa Bárbara de Nexe, ideal for developing a project for a Senior Residence, and the project has already been approved by the Faro City Council for establishment for 40 users, however it has now expired. The land had a project for the construction of a Residential Structure for the Elderly, very close to Santa Bárbara de Nexe. The expired project envisages the construction of a 3-storey building (basement, ground floor and 1st floor) with elevator, totaling 1,350m2.
The building includes a 784m2 basement for 6 employee parking spaces, as well as several storage and storage areas, technical areas and laundry.
On the ground floor, with a total footprint of 470m2, we find the reception area, kitchen, personal room, administrative offices, sanitary facilities, health offices, activity rooms, dining room, living room and more of 400m2 on covered terraces.
In the 879m2 on the 1st floor there are user rooms, 10 singles, 13 doubles and 2 double studios, all with private bathrooms.
Outside there is parking for visitors, disabled people and priority vehicles, with a total of 20 spaces.
It is approximately 4 km from Loulé, 12 km from Faro and 3 km from Santa Barbara de Nexe.
Characteristics:
- Land Area 2,320 m2
- Construction area 1,350 m2
- Implementation area 470 m2
- Energy Certificate - Exempt - Excluded from the SCE, under article 4, of Decree-Law No. 118/2013, of 20 August
Land located next to the village of Santa Bárbara de Nexe, ideal for developing a project for a Senior Residence, and the project has already been approved by the Faro City Council for establishment for 40 users, however it has now expired. The land had a project for the construction of a Residential Structure for the Elderly, very close to Santa Bárbara de Nexe. The expired project envisages the construction of a 3-storey building (basement, ground floor and 1st floor) with elevator, totaling 1,350m2.
The building includes a 784m2 basement for 6 employee parking spaces, as well as several storage and storage areas, technical areas and laundry.
On the ground floor, with a total footprint of 470m2, we find the reception area, kitchen, personal room, administrative offices, sanitary facilities, health offices, activity rooms, dining room, living room and more of 400m2 on covered terraces.
In the 879m2 on the 1st floor there are user rooms, 10 singles, 13 doubles and 2 double studios, all with private bathrooms.
Outside there is parking for visitors, disabled people and priority vehicles, with a total of 20 spaces.
It is approximately 4 km from Loulé, 12 km from Faro and 3 km from Santa Barbara de Nexe.
Characteristics:
- Land Area 2,320 m2
- Construction area 1,350 m2
- Implementation area 470 m2
- Energy Certificate - Exempt - Excluded from the SCE, under article 4, of Decree-Law No. 118/2013, of 20 August
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Currency Exchange
Faro, Faro, Portugal, 8005-491
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
Faro, Faro, Portugal, 8005-491
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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
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 £20,241 more.
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