With an unparalleled location and unique and exclusive views, we find this charming and historic property, full of character and charm, set next to Praia do Vau, Portimão, Algarve

Portimão, Portugal

For Sale

€8,500,000

REF: 873441 €8,500,000


5

3

1961

Description

With an unparalleled location and unique and exclusive views, we find this charming and historic property, full of character and charm, set next to Praia do Vau, Portimão, Algarve. The property is subdivided into three independent buildings, the main house and two other buildings that complement the property.

On entering the property, we are greeted by a spacious patio with independent access to all parts of the property, including direct access to Praia do Vau. The main house comprises an equipped kitchen with plenty of storage space, connecting to an outdoor area with a barbecue to enjoy al fresco dining with sea views and the soothing sound of the sea.

The living and dining areas are open-plan and communicate in perfect harmony with the rest area, the bedrooms, and the outdoors. The main villa has three bedrooms, one of which is en suite, and an additional bathroom, which serves as a support for the other two bedrooms. Next door is the second building with two bedrooms and a bathroom.

At the western end of the property, we can find a third building, which is currently used as a storage room, however, could be converted into one or two additional bedrooms. The outside area of the property has a well-balanced, verdant, easy-to-maintain garden and a relaxing covered area with a jacuzzi.

This property is unique and exclusive, as it is located in a privileged area, with direct access to the beach, easy access to the center of Portimão, within walking distance of the excellent leisure area, Praia da Rocha, with a variety of restaurants, bars and shops, very close to the N125 national road and access to the A22 highway.

CHARACTERISTICS:Plot Area: 588 m2 | 6 329 sq ftArea: 143 m2 | 1 539 sq ftUseful area: 133 m2 | 1 431 sq ftBedrooms: 5Bathrooms: 3Garage: 1Energy efficiency: FFEATURES:5 bedrooms Equipped kitchen Barbecue Jacuzzi Garden Patio Direct access to the beach Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
With an unparalleled location and unique and exclusive views, we find this charming and historic property, full of character and charm, set next to Praia do Vau, Portimão, Algarve. The property is subdivided into three independent buildings, the main house and two other buildings that complement the property.

On entering the property, we are greeted by a spacious patio with independent access to all parts of the property, including direct access to Praia do Vau. The main house comprises an equipped kitchen with plenty of storage space, connecting to an outdoor area with a barbecue to enjoy al fresco dining with sea views and the soothing sound of the sea.

The living and dining areas are open-plan and communicate in perfect harmony with the rest area, the bedrooms, and the outdoors. The main villa has three bedrooms, one of which is en suite, and an additional bathroom, which serves as a support for the other two bedrooms. Next door is the second building with two bedrooms and a bathroom.

At the western end of the property, we can find a third building, which is currently used as a storage room, however, could be converted into one or two additional bedrooms. The outside area of the property has a well-balanced, verdant, easy-to-maintain garden and a relaxing covered area with a jacuzzi.

This property is unique and exclusive, as it is located in a privileged area, with direct access to the beach, easy access to the center of Portimão, within walking distance of the excellent leisure area, Praia da Rocha, with a variety of restaurants, bars and shops, very close to the N125 national road and access to the A22 highway.

CHARACTERISTICS:Plot Area: 588 m2 | 6 329 sq ftArea: 143 m2 | 1 539 sq ftUseful area: 133 m2 | 1 431 sq ftBedrooms: 5Bathrooms: 3Garage: 1Energy efficiency: FFEATURES:5 bedrooms Equipped kitchen Barbecue Jacuzzi Garden Patio Direct access to the beach Internationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

#2LS00139

Currency Exchange

Portimão, 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 €8,500,000 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
€8,500,000 £7,134,220 £7,331,760 £197,540
Property Price € €8,500,000
Minimum cost in the last six months £7,134,220
Maximum cost in the last six months £7,331,760
Fluctuating exchange rates over the last six months could have increased the cost of this property by £197,540

Portimão, 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 €8,500,000 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
€8,500,000 £7,134,220 £7,331,760 £197,540
Property Price € €8,500,000
Minimum cost in the last six months £7,134,220
Maximum cost in the last six months £7,331,760
Fluctuating exchange rates over the last six months could have increased the cost of this property by £197,540

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 £197,540 more.

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