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Property with commercial space that is in a privileged area on the banks of the Guadiana River in Foz de Odeleite
Castro Marim, Faro, Portugal
REF: 899950
€495,000
Description
Property with commercial space that is in a privileged area on the banks of the Guadiana River in Foz de Odeleite.An excellent location and sun exposure with two private pools and leisure area where you can enjoy the tranquility of this small but charming location, overlooking the famous Guadiana River. On the ground floor there is a large dining room, with banquet tables, equipped kitchen, bar, a bathroom for access of customers and a staff bathroom, interior terrace and an industrial grill.The 1st floor has 3 bedrooms, storage, bathroom with bath and a fabulous terrace with excellent area, overlooking Rio.Great for restaurant, party room, guest house or your house on a plot of 827 m2 and construction area of 320 m2.This may be your future business or, if you prefer you can turn this space into your dream villa! Discover the interior of the Algarve, where tranquility reigns, but only about 20 minutes from Castro Marim and Vila Real de Santo António.
Property with commercial space that is in a privileged area on the banks of the Guadiana River in Foz de Odeleite.An excellent location and sun exposure with two private pools and leisure area where you can enjoy the tranquility of this small but charming location, overlooking the famous Guadiana River. On the ground floor there is a large dining room, with banquet tables, equipped kitchen, bar, a bathroom for access of customers and a staff bathroom, interior terrace and an industrial grill.The 1st floor has 3 bedrooms, storage, bathroom with bath and a fabulous terrace with excellent area, overlooking Rio.Great for restaurant, party room, guest house or your house on a plot of 827 m2 and construction area of 320 m2.This may be your future business or, if you prefer you can turn this space into your dream villa! Discover the interior of the Algarve, where tranquility reigns, but only about 20 minutes from Castro Marim and Vila Real de Santo António.
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Currency Exchange
Castro Marim, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £407,831 | £425,428 | £17,597 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £407,831 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,597 |
Castro Marim, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £407,831 | £425,428 | £17,597 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £407,831 |
| Maximum cost in the last six months | £425,428 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,597 |
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 £17,597 more.
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