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This excellent property consists of a commercial part on the ground floor and a residential part on the 1st floor
União das Freguesias de Moncarapacho e Fuseta, Faro, Portugal
REF: 896087
€665,000
Description
This excellent property consists of a commercial part on the ground floor and a residential part on the 1st floor. It is just 800m from the sea, in the town of Livramento, parish of Luz de Tavira and Santo Estêvão, next to the EN125, which makes this property a location with enough accessibility and visibility for a successful business! The living area is located on the 1st floor and consists of 4 bedrooms, two bathrooms, two large living rooms, kitchen, storage room and a large sunroom with license to use, facing south, with about 80sqm. At the bottom of the property there is a spacious restaurant with capacity for around 85 people, with all the necessary equipment for its operation. The property also has a second room prepared with infrastructure already set up for Take Away service or other business such as a café or grocery store, with access from the building's independent street. This property also has great potential to be transformed into a Guest House with a catering and events area. Restaurant equipment: - Industrial kitchen in stainless steel with 2 gas stoves, one with oven; -2 electric fryers; -1 stainless steel grill, - A separate room for food preparation; - Dirty cup; - Economato (food storage room); - Pantry for cleaning products; -Service corridor; - Spa with hot water with water heater; - A second room prepared with infrastructure already set up for Take Away service or for another business, with access from the street and independent from the building; - Fully equipped bar; - WC for ladies and men; - Staff bathroom with shower; - Air conditioning and fireplace in the dining room; - Alarm; -Alarm against fire; - Stereo sound; All furniture and equipment is inventoried, much of which was replaced in 2017 and is included in the price Do not miss this excellent business opportunity and contact us!
This excellent property consists of a commercial part on the ground floor and a residential part on the 1st floor. It is just 800m from the sea, in the town of Livramento, parish of Luz de Tavira and Santo Estêvão, next to the EN125, which makes this property a location with enough accessibility and visibility for a successful business! The living area is located on the 1st floor and consists of 4 bedrooms, two bathrooms, two large living rooms, kitchen, storage room and a large sunroom with license to use, facing south, with about 80sqm. At the bottom of the property there is a spacious restaurant with capacity for around 85 people, with all the necessary equipment for its operation. The property also has a second room prepared with infrastructure already set up for Take Away service or other business such as a café or grocery store, with access from the building's independent street. This property also has great potential to be transformed into a Guest House with a catering and events area. Restaurant equipment: - Industrial kitchen in stainless steel with 2 gas stoves, one with oven; -2 electric fryers; -1 stainless steel grill, - A separate room for food preparation; - Dirty cup; - Economato (food storage room); - Pantry for cleaning products; -Service corridor; - Spa with hot water with water heater; - A second room prepared with infrastructure already set up for Take Away service or for another business, with access from the street and independent from the building; - Fully equipped bar; - WC for ladies and men; - Staff bathroom with shower; - Air conditioning and fireplace in the dining room; - Alarm; -Alarm against fire; - Stereo sound; All furniture and equipment is inventoried, much of which was replaced in 2017 and is included in the price Do not miss this excellent business opportunity and contact us!
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Currency Exchange
União das Freguesias de Moncarapacho e Fuseta, Faro, 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 €665,000 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 |
|---|---|---|---|
| €665,000 | £550,826 | £571,534 | £20,708 |
| Property Price € | €665,000 |
| Minimum cost in the last six months | £550,826 |
| Maximum cost in the last six months | £571,534 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,708 |
União das Freguesias de Moncarapacho e Fuseta, Faro, 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 €665,000 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 |
|---|---|---|---|
| €665,000 | £550,826 | £571,534 | £20,708 |
| Property Price € | €665,000 |
| Minimum cost in the last six months | £550,826 |
| Maximum cost in the last six months | £571,534 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,708 |
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 £20,708 more.
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