88 square metres of space in the centre of the town of Penela

Penela, Coimbra, Portugal

For Sale

€60,000

REF: 883617 €60,000


1

88 m2

Description

88 square metres of space in the centre of the town of Penela. A shop, part of a very well-built building, next to the municipal shops and the Roman water park. It is located on the first floor and consists of a large hall with four windows, a bathroom and an attic space with a beautiful and accessible interior wooden staircase that leads to a large space.

There are two possibilities: an excellent commercial space with a storage area or, under the new legislation, an excellent flat. The windows are aluminium with double glazing and the entire floor is tiled. The shop has never been used, it's brand new! Given the shortage of housing and the strong demand in the region, this property could be the right investment.

Features: - 2 lounges - 1 bathroom Relevant distances: - Motorway 2 km away - In the town centre, just a few minutes from shops, schools, health centres and services - City of Coimbra 20 km away - Lisbon 200 km away - Porto 150 km away #ref: 126746
88 square metres of space in the centre of the town of Penela. A shop, part of a very well-built building, next to the municipal shops and the Roman water park. It is located on the first floor and consists of a large hall with four windows, a bathroom and an attic space with a beautiful and accessible interior wooden staircase that leads to a large space.

There are two possibilities: an excellent commercial space with a storage area or, under the new legislation, an excellent flat. The windows are aluminium with double glazing and the entire floor is tiled. The shop has never been used, it's brand new! Given the shortage of housing and the strong demand in the region, this property could be the right investment.

Features: - 2 lounges - 1 bathroom Relevant distances: - Motorway 2 km away - In the town centre, just a few minutes from shops, schools, health centres and services - City of Coimbra 20 km away - Lisbon 200 km away - Porto 150 km away #ref: 126746
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Property on Map

#126746

Currency Exchange

Penela, Coimbra, 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 €60,000 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
€60,000 £49,699 £51,567 £1,868
Property Price € €60,000
Minimum cost in the last six months £49,699
Maximum cost in the last six months £51,567
Fluctuating exchange rates over the last six months could have increased the cost of this property by £1,868

Penela, Coimbra, 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 €60,000 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
€60,000 £49,699 £51,567 £1,868
Property Price € €60,000
Minimum cost in the last six months £49,699
Maximum cost in the last six months £51,567
Fluctuating exchange rates over the last six months could have increased the cost of this property by £1,868

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 £1,868 more.

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