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Fantastic business opportunity in the heart of Alfama! Fantastic boutique, located on the main street of one of Lisbon's most charming and picturesque historic neighbourhoods, in the former entrance to the Teles de Melo Palace, built in 1634
Lisboa, Lisboa, Portugal
REF: 858225
€449,000
Description
Fantastic business opportunity in the heart of Alfama! Fantastic boutique, located on the main street of one of Lisbon's most charming and picturesque historic neighbourhoods, in the former entrance to the Teles de Melo Palace, built in 1634. Today, this entrance is a charming little shop where you'll find a wide variety of creations and handicrafts! The shop's fantastic brightness is emphasised, as is the excellent thermal environment due to the thickness of the walls (1m), being very cool in summer and warm in winter The shop underwent a total restoration in 2018 (water and electricity) and has a ceiling height of 6.10 m2, incorporating a small mezzanine at the back with a bathroom, washbasin and storage area. The space has retained some period elements, such as marble, furniture with mouldings and inlaid mirrors, doors and period fittings. The magnificent ceiling with exposed mouldings embellishes and enhances this space! This is an excellent investment in a historic and privileged area, located in one of Portugal's most authentic and attractive parishes, which is highly sought after by tourists due to its charming atmosphere and glamour, with several cafés, restaurants and bars. The strategic location of this shop is undoubtedly a competitive advantage, making it possible to achieve above-average profitability. It benefits from landmarks such as the National Pantheon and Feira da Ladra 2 minutes away, the Cruise Terminal and Fado Museum 5 minutes away, as well as the São Jorge Castle, Lisbon Cathedral, São Vicente Cathedral, Santo Estêvão Viewpoint and Portas do Sol Viewpoint. It's also very close to the Grande Hotel Riverside (5*) in Sta. Apolónia and the new concept luxury flats ‘Santa Clara Palace - Residences’ (formerly the Marinha hospital). Come and visit and be enchanted! #ref: 123276
Fantastic business opportunity in the heart of Alfama! Fantastic boutique, located on the main street of one of Lisbon's most charming and picturesque historic neighbourhoods, in the former entrance to the Teles de Melo Palace, built in 1634. Today, this entrance is a charming little shop where you'll find a wide variety of creations and handicrafts! The shop's fantastic brightness is emphasised, as is the excellent thermal environment due to the thickness of the walls (1m), being very cool in summer and warm in winter The shop underwent a total restoration in 2018 (water and electricity) and has a ceiling height of 6.10 m2, incorporating a small mezzanine at the back with a bathroom, washbasin and storage area. The space has retained some period elements, such as marble, furniture with mouldings and inlaid mirrors, doors and period fittings. The magnificent ceiling with exposed mouldings embellishes and enhances this space! This is an excellent investment in a historic and privileged area, located in one of Portugal's most authentic and attractive parishes, which is highly sought after by tourists due to its charming atmosphere and glamour, with several cafés, restaurants and bars. The strategic location of this shop is undoubtedly a competitive advantage, making it possible to achieve above-average profitability. It benefits from landmarks such as the National Pantheon and Feira da Ladra 2 minutes away, the Cruise Terminal and Fado Museum 5 minutes away, as well as the São Jorge Castle, Lisbon Cathedral, São Vicente Cathedral, Santo Estêvão Viewpoint and Portas do Sol Viewpoint. It's also very close to the Grande Hotel Riverside (5*) in Sta. Apolónia and the new concept luxury flats ‘Santa Clara Palace - Residences’ (formerly the Marinha hospital). Come and visit and be enchanted! #ref: 123276
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Currency Exchange
Lisboa, Lisboa, 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 €449,000 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 |
|---|---|---|---|
| €449,000 | £371,911 | £385,893 | £13,982 |
| Property Price € | €449,000 |
| Minimum cost in the last six months | £371,911 |
| Maximum cost in the last six months | £385,893 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,982 |
Lisboa, Lisboa, 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 €449,000 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 |
|---|---|---|---|
| €449,000 | £371,911 | £385,893 | £13,982 |
| Property Price € | €449,000 |
| Minimum cost in the last six months | £371,911 |
| Maximum cost in the last six months | £385,893 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,982 |
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 £13,982 more.
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