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We present an excellent land plot with 3130sqm, ideal for the construction of a support facility
Luz, Faro, Portugal
REF: 896170
€490,000
Description
We present an excellent land plot with 3130sqm, ideal for the construction of a support facility. This plot allows the building of a space for a Restaurant and Bar, Gym, or Health Club, with a gross building area of 469.50sqm. The project also includes 35 parking spaces, providing convenience and accessibility for future users. Located in Ferrel, Luz, Lagos, this plot offers a prime location, combining tranquility with tourist potential. Plot Features: Total area: 3130sqm Gross building area: 469.50sqm 35 parking spaces Potential Uses: Restaurant and Bar Gym Health Club About Ferrel, Luz, Lagos: Ferrel is a charming locality situated in the parish of Luz, in the municipality of Lagos, Algarve. Luz is renowned for its beautiful golden sandy beaches and crystal-clear waters, such as Praia da Luz, which attract tourists from all over the world. The area offers an excellent quality of life, with a calm and welcoming environment, perfect for both living and investing in tourism and wellness-related businesses. The proximity to the city of Lagos, one of the most popular destinations in the Algarve, adds even more value to this location. Lagos is famous for its picturesque historic center, filled with restaurants, shops, and cultural attractions, as well as its marina and the variety of leisure activities available, such as boat trips, golf, and water sports. Location Benefits: Close proximity to stunning beaches Calm and safe environment Strong tourist potential Easy access to Lagos and its amenities Don't miss this opportunity to invest in a strategic and high-potential location. For more information or to schedule a visit, please contact us.
We present an excellent land plot with 3130sqm, ideal for the construction of a support facility. This plot allows the building of a space for a Restaurant and Bar, Gym, or Health Club, with a gross building area of 469.50sqm. The project also includes 35 parking spaces, providing convenience and accessibility for future users. Located in Ferrel, Luz, Lagos, this plot offers a prime location, combining tranquility with tourist potential. Plot Features: Total area: 3130sqm Gross building area: 469.50sqm 35 parking spaces Potential Uses: Restaurant and Bar Gym Health Club About Ferrel, Luz, Lagos: Ferrel is a charming locality situated in the parish of Luz, in the municipality of Lagos, Algarve. Luz is renowned for its beautiful golden sandy beaches and crystal-clear waters, such as Praia da Luz, which attract tourists from all over the world. The area offers an excellent quality of life, with a calm and welcoming environment, perfect for both living and investing in tourism and wellness-related businesses. The proximity to the city of Lagos, one of the most popular destinations in the Algarve, adds even more value to this location. Lagos is famous for its picturesque historic center, filled with restaurants, shops, and cultural attractions, as well as its marina and the variety of leisure activities available, such as boat trips, golf, and water sports. Location Benefits: Close proximity to stunning beaches Calm and safe environment Strong tourist potential Easy access to Lagos and its amenities Don't miss this opportunity to invest in a strategic and high-potential location. For more information or to schedule a visit, please contact us.
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Currency Exchange
Luz, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £405,872 | £421,131 | £15,259 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £405,872 |
| Maximum cost in the last six months | £421,131 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,259 |
Luz, 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 €490,000 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 |
|---|---|---|---|
| €490,000 | £405,872 | £421,131 | £15,259 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £405,872 |
| Maximum cost in the last six months | £421,131 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,259 |
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 £15,259 more.
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