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10-bedroom house with an operating business
Lagoa, Faro, Portugal
REF: 897541
€750,000
Description
Discover your next investment or residential opportunity in this charming, recently renovated guest house. Located in a central area, this property offers the perfect combination of comfort and functionality, with 10 rooms, some of which can be converted into a living/dining room if used as a residence, 8 bathrooms, and 2 kitchens, spread over two floors. Ideal for those looking for a business opportunity or a spacious home with flexible usage options. The ground floor features a 121.5 m area, 6 bedrooms, 4 of which are en-suite, and 2 guest bathrooms, providing additional privacy and comfort. There is also a kitchenette, perfect for quick and practical meals, and an outdoor terrace. On the first floor, with a generous 135 m , there are 4 bedrooms, 2 guest bathrooms, a fully equipped kitchen, and a covered terrace. Property features: Fully equipped kitchen; Independent apartments with an option for internal connection; Air conditioning in all rooms; In addition to the rooms, the property includes two apartments with independent entrances, providing an excellent opportunity for rentals or hosting guests with complete privacy. Residential Purchase Opportunity: This versatile property is not only ideal for operating as a guest house, but it also offers an excellent residential purchase opportunity. With its independent entrances, it is perfect for large families or those looking for a spacious home with multiple usage options. Additional Highlights: Newly Renovated: The entire property has been recently renovated, ensuring everything is in perfect condition. Location: Situated in an area with easy access to all services. Additional Information: KW Flash has a Credit Intermediary authorized by the Bank of Portugal at your disposal. If you need financing, we can help! At KW Flash, we share business opportunities with all real estate consultants or agencies with an AMI license. We believe that together, we can do more for our clients! If you're a professional in the sector and have a qualified client, contact me and schedule a visit, as this property is available exclusively to provide you with excellent service.
Discover your next investment or residential opportunity in this charming, recently renovated guest house. Located in a central area, this property offers the perfect combination of comfort and functionality, with 10 rooms, some of which can be converted into a living/dining room if used as a residence, 8 bathrooms, and 2 kitchens, spread over two floors. Ideal for those looking for a business opportunity or a spacious home with flexible usage options. The ground floor features a 121.5 m area, 6 bedrooms, 4 of which are en-suite, and 2 guest bathrooms, providing additional privacy and comfort. There is also a kitchenette, perfect for quick and practical meals, and an outdoor terrace. On the first floor, with a generous 135 m , there are 4 bedrooms, 2 guest bathrooms, a fully equipped kitchen, and a covered terrace. Property features: Fully equipped kitchen; Independent apartments with an option for internal connection; Air conditioning in all rooms; In addition to the rooms, the property includes two apartments with independent entrances, providing an excellent opportunity for rentals or hosting guests with complete privacy. Residential Purchase Opportunity: This versatile property is not only ideal for operating as a guest house, but it also offers an excellent residential purchase opportunity. With its independent entrances, it is perfect for large families or those looking for a spacious home with multiple usage options. Additional Highlights: Newly Renovated: The entire property has been recently renovated, ensuring everything is in perfect condition. Location: Situated in an area with easy access to all services. Additional Information: KW Flash has a Credit Intermediary authorized by the Bank of Portugal at your disposal. If you need financing, we can help! At KW Flash, we share business opportunities with all real estate consultants or agencies with an AMI license. We believe that together, we can do more for our clients! If you're a professional in the sector and have a qualified client, contact me and schedule a visit, as this property is available exclusively to provide you with excellent service.
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Currency Exchange
Lagoa, 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 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
Lagoa, 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 | £623,910 | £645,465 | £21,555 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £623,910 |
| Maximum cost in the last six months | £645,465 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,555 |
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 £21,555 more.
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