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Project approved for Rural Hotel on land of 70,620sqm
Odeleite, Faro, Portugal
REF: 896273
€750,000
Description
Project approved for Rural Hotel on land of 70,620sqm. The present project foresees the construction of a building for a 3 Star Rural Hotel, with a total constructed area of 1,880sqm, based on a land with a total area of 70,620sqm. Excellent location near the Odeleite Dam where a river beach is built. 18 km from the coast. Great hits. Located on the N122 off the IC27, which allows easy and quick access to Odeleite, Alcoutim, Spain and the coast to the south. It is distributed in two areas with horizontal accesses and circulation paths. Comprising 27 rooms, complete sanitary facilities and a balcony, with a capacity for 54 fixed beds in total, 3 of which are adapted for people with reduced mobility. The common area consists of the lobby, reception and cloakroom, living area, games room, a dining room with capacity for 50 seats, a set of general sanitary facilities adapted for users with reduced mobility. The complementary areas consist of a SPA, consisting of a swimming pool with jacuzzi, gym, Turkish bath and sauna. There are also two outdoor swimming pools. As activities, it is intended to place a playground, bicycles for rent, a tennis court, the creation of a maintenance circuit along the entire area where the enterprise is located and the creation of a recreational lake. Project approved by the CM de Castro Marim. Schedule a meeting with us if you want more detailed information.
Project approved for Rural Hotel on land of 70,620sqm. The present project foresees the construction of a building for a 3 Star Rural Hotel, with a total constructed area of 1,880sqm, based on a land with a total area of 70,620sqm. Excellent location near the Odeleite Dam where a river beach is built. 18 km from the coast. Great hits. Located on the N122 off the IC27, which allows easy and quick access to Odeleite, Alcoutim, Spain and the coast to the south. It is distributed in two areas with horizontal accesses and circulation paths. Comprising 27 rooms, complete sanitary facilities and a balcony, with a capacity for 54 fixed beds in total, 3 of which are adapted for people with reduced mobility. The common area consists of the lobby, reception and cloakroom, living area, games room, a dining room with capacity for 50 seats, a set of general sanitary facilities adapted for users with reduced mobility. The complementary areas consist of a SPA, consisting of a swimming pool with jacuzzi, gym, Turkish bath and sauna. There are also two outdoor swimming pools. As activities, it is intended to place a playground, bicycles for rent, a tennis court, the creation of a maintenance circuit along the entire area where the enterprise is located and the creation of a recreational lake. Project approved by the CM de Castro Marim. Schedule a meeting with us if you want more detailed information.
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Currency Exchange
Odeleite, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
Odeleite, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
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 £23,355 more.
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