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Building with Residential and Commercial Potential in São Marcos da Serra
Silves, Faro, Portugal, 8375-213
REF: 871344
€79,000
Description
This historic building, formerly a grocery store and tavern, is located in the picturesque town of São Marcos da Serra. With a vibrant past as a meeting place for the local community, the building now offers multiple possibilities for use and renovation. Redevelopment Potential: There are several transformation options for this property, including conversion into a charming "Bed and Breakfast", a cozy "Hostel", or even a private residence. The transition from commercial to residential use is facilitated by local authorities, making the process simple and accessible. Property Details: Land: 207 m Building Implantation Area: 132 m Private Gross Area: 246 m Distribution of Spaces: Ground floor: 132 m with designation for commercial use First floor: 114 m with designation for residential use Additional Services: Our team works in fair collaboration, offering 50/50 partnerships with AMI-authorized and licensed intermediaries. Our commitment is to guarantee an excellent service, always focused on the satisfaction of our customers. If this property has piqued your interest or if you would like more information about our services, please contact our Balloons and Suggestions Team. Schedule a visit to receive detailed information and answer all your questions about the property. We are ready to help turn your real estate dreams into reality.
This historic building, formerly a grocery store and tavern, is located in the picturesque town of São Marcos da Serra. With a vibrant past as a meeting place for the local community, the building now offers multiple possibilities for use and renovation. Redevelopment Potential: There are several transformation options for this property, including conversion into a charming "Bed and Breakfast", a cozy "Hostel", or even a private residence. The transition from commercial to residential use is facilitated by local authorities, making the process simple and accessible. Property Details: Land: 207 m Building Implantation Area: 132 m Private Gross Area: 246 m Distribution of Spaces: Ground floor: 132 m with designation for commercial use First floor: 114 m with designation for residential use Additional Services: Our team works in fair collaboration, offering 50/50 partnerships with AMI-authorized and licensed intermediaries. Our commitment is to guarantee an excellent service, always focused on the satisfaction of our customers. If this property has piqued your interest or if you would like more information about our services, please contact our Balloons and Suggestions Team. Schedule a visit to receive detailed information and answer all your questions about the property. We are ready to help turn your real estate dreams into reality.
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Currency Exchange
Silves, Faro, Portugal, 8375-213
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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,436 | £67,897 | £2,460 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,436 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,460 |
Silves, Faro, Portugal, 8375-213
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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,436 | £67,897 | £2,460 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,436 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,460 |
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 £2,460 more.
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