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Investment opportunity in the heart of Portimão This could be a unique opportunity to invest in a commercial property in the heart of Portimão
Portimão, Faro, Portugal
REF: 820838
€80,000
Description
Investment opportunity in the heart of Portimão This could be a unique opportunity to invest in a commercial property in the heart of Portimão. I introduce a space with enormous potential, requiring total remodelling to turn it into a commercial space or converted into housing. This property is located in an urban regeneration zone, close to the municipal market and several supermarkets, guaranteeing a strategic location for business, services or housing. The main space has a covered area of 27 m2, with a yard and an annex on a property totalling 107 m2. Despite needing renovation work, the annex is in good condition and offers opportunities for various uses. Also noteworthy is the good-sized backyard, which is ideal for creating outdoor leisure areas, providing an inviting atmosphere for clients or private living. Portimão is a city in the south of Portugal, known for its stunning beaches, rich gastronomy and cosy atmosphere. Located in the Algarve, one of the most sought-after regions for tourists and investors, Portimão offers an ideal setting for ever-growing businesses. This is the ideal time to invest and turn this area into an attractive location. Don't miss out on this unique opportunity. For more information about this property and to discuss investment possibilities, please contact me. We'll be happy to help you realise your business plans in this ever-evolving city. Book a viewing today and discover the countless possibilities this property offers. A good investment! *At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, contact me to arrange a visit. Sharing (50/50) is one of our values, which we highly favour in order to satisfy the projects of our owner clients. We promote your property on more than 200 international property portals in more than 60 countries. Ref. iad 117950 #ref: 117950
Investment opportunity in the heart of Portimão This could be a unique opportunity to invest in a commercial property in the heart of Portimão. I introduce a space with enormous potential, requiring total remodelling to turn it into a commercial space or converted into housing. This property is located in an urban regeneration zone, close to the municipal market and several supermarkets, guaranteeing a strategic location for business, services or housing. The main space has a covered area of 27 m2, with a yard and an annex on a property totalling 107 m2. Despite needing renovation work, the annex is in good condition and offers opportunities for various uses. Also noteworthy is the good-sized backyard, which is ideal for creating outdoor leisure areas, providing an inviting atmosphere for clients or private living. Portimão is a city in the south of Portugal, known for its stunning beaches, rich gastronomy and cosy atmosphere. Located in the Algarve, one of the most sought-after regions for tourists and investors, Portimão offers an ideal setting for ever-growing businesses. This is the ideal time to invest and turn this area into an attractive location. Don't miss out on this unique opportunity. For more information about this property and to discuss investment possibilities, please contact me. We'll be happy to help you realise your business plans in this ever-evolving city. Book a viewing today and discover the countless possibilities this property offers. A good investment! *At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, contact me to arrange a visit. Sharing (50/50) is one of our values, which we highly favour in order to satisfy the projects of our owner clients. We promote your property on more than 200 international property portals in more than 60 countries. Ref. iad 117950 #ref: 117950
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Currency Exchange
Portimão, Faro, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,265 | £68,789 | £2,524 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,265 |
| Maximum cost in the last six months | £68,789 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,524 |
Portimão, Faro, 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 €80,000 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 |
|---|---|---|---|
| €80,000 | £66,265 | £68,789 | £2,524 |
| Property Price € | €80,000 |
| Minimum cost in the last six months | £66,265 |
| Maximum cost in the last six months | £68,789 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,524 |
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 £2,524 more.
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