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This fabulous Quinta is located in the heart of the Algarve, between Faro and Olhão, just 5 minutes from Faro Airport
Faro, Faro, Portugal
REF: 846872
€1,995,000
Description
This fabulous Quinta is located in the heart of the Algarve, between Faro and Olhão, just 5 minutes from Faro Airport. This privileged location offers proximity to various amenities and attractions, making it ideal for both residence and tourist investment. The Quinta is an exclusive property, ideal for those looking for a luxurious retreat in the Algarve, with vast interior areas, panoramic views, and a peaceful and natural environment, in addition to great potential for tourist development. *Land and Construction:* - Total land area: 10,378m² - Gross construction area: 489m² - - Possibility of building a tourism unit with up to 2,000m², allowing the construction of up to 36 rooms. *Property Features:* - Built in 2001, the mansion is made up of spacious and luxurious rooms, spread over three levels (Ground Floor, 1st Floor and Basement). - Basement with capacity for around 10 cars. - Outdoor swimming pool. - Backyard with several fruit trees, including orange trees, tangerine trees, fig trees, pear trees, apple trees, apricot trees, avocado trees, persimmon trees, mango trees, guava trees, quince trees, peach trees, mulberry trees, pomegranate trees, lemon trees and walnut trees. *Composition of the Mansion:* - *Ground floor:* - Main hall: 120m² - Kitchen with pantry: 45m² - Bedroom with bathroom: 29m² - Corridor/Hall: 37m² - Office: 18m² - Service bathroom: 10m² - Covered terraces: 95m² - *First floor:* - Master bedroom with bathroom: 88m² - Bedroom with bathroom: 47m² - Hall: 20m² - *Additional Features:* - 5 bedrooms, 3 of them en suite - 5 huge bathrooms - Parking for 10-12 cars - Balcony and terrace - Collection - Renewable energies, including solar panels - Heating and gas - Video security system - Double-sided fireplace in the living room - Equipped kitchen - Outdoor pool - Garden with exterior views - Garage with automatic gate *Investment Potential:* The property has enormous investment potential in the tourism sector, thanks to the possibility of building a hotel unit of up to 2,000m². This project could include up to 36 rooms, making it an excellent opportunity to develop a luxury tourism development in the region. For more information or to schedule a visit, contact us via the website indicated. #ref: 120234
This fabulous Quinta is located in the heart of the Algarve, between Faro and Olhão, just 5 minutes from Faro Airport. This privileged location offers proximity to various amenities and attractions, making it ideal for both residence and tourist investment. The Quinta is an exclusive property, ideal for those looking for a luxurious retreat in the Algarve, with vast interior areas, panoramic views, and a peaceful and natural environment, in addition to great potential for tourist development. *Land and Construction:* - Total land area: 10,378m² - Gross construction area: 489m² - - Possibility of building a tourism unit with up to 2,000m², allowing the construction of up to 36 rooms. *Property Features:* - Built in 2001, the mansion is made up of spacious and luxurious rooms, spread over three levels (Ground Floor, 1st Floor and Basement). - Basement with capacity for around 10 cars. - Outdoor swimming pool. - Backyard with several fruit trees, including orange trees, tangerine trees, fig trees, pear trees, apple trees, apricot trees, avocado trees, persimmon trees, mango trees, guava trees, quince trees, peach trees, mulberry trees, pomegranate trees, lemon trees and walnut trees. *Composition of the Mansion:* - *Ground floor:* - Main hall: 120m² - Kitchen with pantry: 45m² - Bedroom with bathroom: 29m² - Corridor/Hall: 37m² - Office: 18m² - Service bathroom: 10m² - Covered terraces: 95m² - *First floor:* - Master bedroom with bathroom: 88m² - Bedroom with bathroom: 47m² - Hall: 20m² - *Additional Features:* - 5 bedrooms, 3 of them en suite - 5 huge bathrooms - Parking for 10-12 cars - Balcony and terrace - Collection - Renewable energies, including solar panels - Heating and gas - Video security system - Double-sided fireplace in the living room - Equipped kitchen - Outdoor pool - Garden with exterior views - Garage with automatic gate *Investment Potential:* The property has enormous investment potential in the tourism sector, thanks to the possibility of building a hotel unit of up to 2,000m². This project could include up to 36 rooms, making it an excellent opportunity to develop a luxury tourism development in the region. For more information or to schedule a visit, contact us via the website indicated. #ref: 120234
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Currency Exchange
Faro, 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 €1,995,000 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 |
|---|---|---|---|
| €1,995,000 | £1,643,681 | £1,714,603 | £70,922 |
| Property Price € | €1,995,000 |
| Minimum cost in the last six months | £1,643,681 |
| Maximum cost in the last six months | £1,714,603 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,922 |
Faro, 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 €1,995,000 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 |
|---|---|---|---|
| €1,995,000 | £1,643,681 | £1,714,603 | £70,922 |
| Property Price € | €1,995,000 |
| Minimum cost in the last six months | £1,643,681 |
| Maximum cost in the last six months | £1,714,603 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,922 |
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 £70,922 more.
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