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EXCELLENT OPPORTUNITY: ESTATE 377 HECTARES Located in the center of Alentejo, come and discover this exceptional herdade located 1h30 from the capital Lisbon, 15km from Avis and 7km from the Montargil dam and the Maranhão dam
Avis, Portalegre, Portugal
REF: 814280
€3,975,000
Description
EXCELLENT OPPORTUNITY: ESTATE 377 HECTARES Located in the center of Alentejo, come and discover this exceptional herdade located 1h30 from the capital Lisbon, 15km from Avis and 7km from the Montargil dam and the Maranhão dam. This magnificent property has belonged to members of the same family for decades, guaranteeing a passion and dedication for this area with enormous development potential in agriculture. With its rich history and in-depth knowledge of the region, this 377 hectare property offers an unrivaled experience in the pretty Portalegre region. This herdade of cork oaks has a lot of charm, a hidden treasure in the magnificent landscapes of Alentejo in the middle of the forest intervention zone (ZIF). It includes 6 houses which could be rehabilitated for housing or to create rural guest rooms for example. Concerning the cork peeling activity, here is the history of this property: The debarking of the entire estate is carried out in a single year (except in 1980 and 2017, years when, for weather reasons, the harvest was carried out in 2 years). Considering the last 5 complete strippings, on average 41,407 arrobas were extracted by stripping. Until the last harvest, the average (of the 4 previous harvests) was 44,345 arrobas per harvest. The last bark extraction was carried out in 2017 (the previous extraction took place entirely in 2008). However, as mentioned, due to weather reasons, the cork was extracted in 2 years, in 2017 (75%) and 2018 (25%). During this extraction (2017/2018 - the last), a total of 30,000 arrobas were extracted. Property specifics: - It is largely fenced - It has a legalized well - Two dams legalized - 6 buildings to rehabilitate - Acquisition tax advantages. For more information about this property or any visit, contact me, I know perfectly this incredible place that I will help you discover and just like me you will remain admiring of this haven of peace and nature. #ref: 116523
EXCELLENT OPPORTUNITY: ESTATE 377 HECTARES Located in the center of Alentejo, come and discover this exceptional herdade located 1h30 from the capital Lisbon, 15km from Avis and 7km from the Montargil dam and the Maranhão dam. This magnificent property has belonged to members of the same family for decades, guaranteeing a passion and dedication for this area with enormous development potential in agriculture. With its rich history and in-depth knowledge of the region, this 377 hectare property offers an unrivaled experience in the pretty Portalegre region. This herdade of cork oaks has a lot of charm, a hidden treasure in the magnificent landscapes of Alentejo in the middle of the forest intervention zone (ZIF). It includes 6 houses which could be rehabilitated for housing or to create rural guest rooms for example. Concerning the cork peeling activity, here is the history of this property: The debarking of the entire estate is carried out in a single year (except in 1980 and 2017, years when, for weather reasons, the harvest was carried out in 2 years). Considering the last 5 complete strippings, on average 41,407 arrobas were extracted by stripping. Until the last harvest, the average (of the 4 previous harvests) was 44,345 arrobas per harvest. The last bark extraction was carried out in 2017 (the previous extraction took place entirely in 2008). However, as mentioned, due to weather reasons, the cork was extracted in 2 years, in 2017 (75%) and 2018 (25%). During this extraction (2017/2018 - the last), a total of 30,000 arrobas were extracted. Property specifics: - It is largely fenced - It has a legalized well - Two dams legalized - 6 buildings to rehabilitate - Acquisition tax advantages. For more information about this property or any visit, contact me, I know perfectly this incredible place that I will help you discover and just like me you will remain admiring of this haven of peace and nature. #ref: 116523
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Currency Exchange
Avis, Portalegre, 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 €3,975,000 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 |
|---|---|---|---|
| €3,975,000 | £3,292,532 | £3,416,314 | £123,782 |
| Property Price € | €3,975,000 |
| Minimum cost in the last six months | £3,292,532 |
| Maximum cost in the last six months | £3,416,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,782 |
Avis, Portalegre, 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 €3,975,000 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 |
|---|---|---|---|
| €3,975,000 | £3,292,532 | £3,416,314 | £123,782 |
| Property Price € | €3,975,000 |
| Minimum cost in the last six months | £3,292,532 |
| Maximum cost in the last six months | £3,416,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,782 |
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 £123,782 more.
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