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Banking building consisting of 4 fractions inserted in the Boca do Rio Development in Mexilhoeira da Carregação
Lagoa, Faro, Portugal, 8400-010
REF: 869359
€2,165,000
Description
Joint sale of 4 Services fractions, inserted in Lot 1 of the Boca do Rio Development, with the following constitution:
FRACTION A (REF 36781) - Fraction intended for a catering establishment, consisting of large living room, kitchen, pantry, cook's room, 2 restaurant support rooms, support bar, bar room, storage, pantry, sanitary facilities, circulation gallery/living room and covered terrace; total area: 1,519 m2; water mirror/pool and outdoor surrounding areas, area: 1,648 m2.
FRACTION B.. Joint sale of 4 Services fractions, inserted in Lot 1 of the Boca do Rio Development, with the following constitution:
FRACTION A (REF 36781) - Fraction intended for a catering establishment, consisting of large living room, kitchen, pantry, cook's room, 2 restaurant support rooms, support bar, bar room, storage, pantry, sanitary facilities, circulation gallery/living room and covered terrace; total area: 1,519 m2; water mirror/pool and outdoor surrounding areas, area: 1,648 m2.
FRACTION B (REF 36782) - Fraction intended for tertiary use, consisting of 7 rooms, sanitary installation and circulation/distribution corridors, ABP: 176 m2.
FRACTION C (REF 36783) - Fraction intended for services, consisting of a large division, ABP: 96 m2.
FRACTION AL (REF 36784) - Fraction intended for services, consisting of 3 conference rooms, circulation/distribution corridors, storage, technical compartment and sanitary facilities, ABP: 503 m2.
PROPERTIES WITHOUT A LICENSE FOR USE.
Joint sale of 4 Services fractions, inserted in Lot 1 of the Boca do Rio Development, with the following constitution:
FRACTION A (REF 36781) - Fraction intended for a catering establishment, consisting of large living room, kitchen, pantry, cook's room, 2 restaurant support rooms, support bar, bar room, storage, pantry, sanitary facilities, circulation gallery/living room and covered terrace; total area: 1,519 m2; water mirror/pool and outdoor surrounding areas, area: 1,648 m2.
FRACTION B.. Joint sale of 4 Services fractions, inserted in Lot 1 of the Boca do Rio Development, with the following constitution:
FRACTION A (REF 36781) - Fraction intended for a catering establishment, consisting of large living room, kitchen, pantry, cook's room, 2 restaurant support rooms, support bar, bar room, storage, pantry, sanitary facilities, circulation gallery/living room and covered terrace; total area: 1,519 m2; water mirror/pool and outdoor surrounding areas, area: 1,648 m2.
FRACTION B (REF 36782) - Fraction intended for tertiary use, consisting of 7 rooms, sanitary installation and circulation/distribution corridors, ABP: 176 m2.
FRACTION C (REF 36783) - Fraction intended for services, consisting of a large division, ABP: 96 m2.
FRACTION AL (REF 36784) - Fraction intended for services, consisting of 3 conference rooms, circulation/distribution corridors, storage, technical compartment and sanitary facilities, ABP: 503 m2.
PROPERTIES WITHOUT A LICENSE FOR USE.
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Currency Exchange
Lagoa, Faro, Portugal, 8400-010
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 €2,165,000 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 |
|---|---|---|---|
| €2,165,000 | £1,817,128 | £1,867,442 | £50,315 |
| Property Price € | €2,165,000 |
| Minimum cost in the last six months | £1,817,128 |
| Maximum cost in the last six months | £1,867,442 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,315 |
Lagoa, Faro, Portugal, 8400-010
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 €2,165,000 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 |
|---|---|---|---|
| €2,165,000 | £1,817,128 | £1,867,442 | £50,315 |
| Property Price € | €2,165,000 |
| Minimum cost in the last six months | £1,817,128 |
| Maximum cost in the last six months | £1,867,442 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,315 |
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 £50,315 more.
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