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Large Townhouse with great investment potential
Penacova, Coimbra, Portugal
REF: 833215
€159,500
Description
Large Townhouse with great investment potential. Situated in the centre of beautiful Penacova, this former creche has great investment opportunities. The property is located over three floors, so perfect for three separate apartments or a tourism project. The UNESCO city of Coimbra is easily accessible from the town of Penacova,via local transport or 20 mins by car. Penacova is now starting to realise its potential with a number of exciting local developments. For example,the sale of the Old Hotel to the Vila Gale hotel group. So, maybe it's time to invest in Penacova ? At the front of the property there is a large terrace, and at the rear there is a rooftop garden. The property offers great views, yet it is located in the centre of town. Accommodation is established as follows: Ground Floor Entrance Hall (4.6m x 2.4m) Kitchen (1.8m x 1.4m) Bathroom (3.2m x 1.7m) - with two showers. Therefore this can be split in to 2 bathrooms. Room 1 (5.3m x 4.2m) - with two sets of patio doors on to the front terrace. Room 2 (6.2m x 3m) - with a patio door and access to the front terrace. 1st Floor Landing Area & Store Room (3.9m x 2.9m) Kitchen/Diner (8.4m x 3m) Bathroom (2.8m x 1.7m) Room 1 (8.5m x 4.7m) - with patio doors/balcony window. Rear Storage Room (9.4m x 1.1m) - with separate access from a side terrace. 2nd Floor Room 1 (6.3m x 5.2m) - with patio doors and access to the upper rear garden area. Shower Room (3.4m x 1.9m) Room 2 (5m x 3.7m) Room 3 (4.7m x 3.3m) Room 4 (3.4m x 3.1m) Under the front terrace at street level, there is a laundry room and a boiler room. The property has oil central heating. Penacova has the fabulous river mondego as its backdrop, and the stunning Reconquinho river beach. A very up and coming tourism destination. The structure of the building is a blank canvas to create something special, within the real heart of a town. #ref: 119284
Large Townhouse with great investment potential. Situated in the centre of beautiful Penacova, this former creche has great investment opportunities. The property is located over three floors, so perfect for three separate apartments or a tourism project. The UNESCO city of Coimbra is easily accessible from the town of Penacova,via local transport or 20 mins by car. Penacova is now starting to realise its potential with a number of exciting local developments. For example,the sale of the Old Hotel to the Vila Gale hotel group. So, maybe it's time to invest in Penacova ? At the front of the property there is a large terrace, and at the rear there is a rooftop garden. The property offers great views, yet it is located in the centre of town. Accommodation is established as follows: Ground Floor Entrance Hall (4.6m x 2.4m) Kitchen (1.8m x 1.4m) Bathroom (3.2m x 1.7m) - with two showers. Therefore this can be split in to 2 bathrooms. Room 1 (5.3m x 4.2m) - with two sets of patio doors on to the front terrace. Room 2 (6.2m x 3m) - with a patio door and access to the front terrace. 1st Floor Landing Area & Store Room (3.9m x 2.9m) Kitchen/Diner (8.4m x 3m) Bathroom (2.8m x 1.7m) Room 1 (8.5m x 4.7m) - with patio doors/balcony window. Rear Storage Room (9.4m x 1.1m) - with separate access from a side terrace. 2nd Floor Room 1 (6.3m x 5.2m) - with patio doors and access to the upper rear garden area. Shower Room (3.4m x 1.9m) Room 2 (5m x 3.7m) Room 3 (4.7m x 3.3m) Room 4 (3.4m x 3.1m) Under the front terrace at street level, there is a laundry room and a boiler room. The property has oil central heating. Penacova has the fabulous river mondego as its backdrop, and the stunning Reconquinho river beach. A very up and coming tourism destination. The structure of the building is a blank canvas to create something special, within the real heart of a town. #ref: 119284
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Currency Exchange
Penacova, Coimbra, 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 €159,500 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 |
|---|---|---|---|
| €159,500 | £132,115 | £137,082 | £4,967 |
| Property Price € | €159,500 |
| Minimum cost in the last six months | £132,115 |
| Maximum cost in the last six months | £137,082 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,967 |
Penacova, Coimbra, 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 €159,500 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 |
|---|---|---|---|
| €159,500 | £132,115 | £137,082 | £4,967 |
| Property Price € | €159,500 |
| Minimum cost in the last six months | £132,115 |
| Maximum cost in the last six months | £137,082 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,967 |
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 £4,967 more.
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