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Building for Investment - near the River Gilão, TaviraProperty comprising 6 independent units, spread over 3 floors
Tavira, Faro, Portugal
REF: 899997
€975,000
Description
Building for Investment - near the River Gilão, TaviraProperty comprising 6 independent units, spread over 3 floors.On the ground floor, there are 2 commercial units: - Fraction A (commercial): consists of a large room at the entrance, storage area, hall and 3 toilets. It has a gross floor area of 58.70m2. - Unit B (commercial): consists of three large rooms, a storage area, kitchen, circulation and 1 toilet. It has a gross floor area of 91.50m2.On the 1st floor you'll find 2 flats. - Fraction 1 (residential): has an entrance hall, living room, storage and 1 toilet, and is considered a T0. It has a gross floor area of 65m2. - Fraction 2 (residential): has an entrance hall, living room, kitchen and storage room, and is also considered a studio. It has a gross floor area of 86m2.Finally, on the second and top floor you'll find 2 more flats. - Fraction 1 (residential): has an entrance hall, living room, storage room and 1 bedroom, and is considered a T1. It has a gross floor area of 59.90m2. - Fraction 2 (residential): has an entrance hall, living room, 2 bedrooms, storage, 1 toilet and access to a small terrace, and is considered a T2. It has a gross floor area of 97.85m2.The building is not habitable, but has an approved project for total remodelling. It is located just a few metres from the Gilão riverfront, close to all the shops.
Building for Investment - near the River Gilão, TaviraProperty comprising 6 independent units, spread over 3 floors.On the ground floor, there are 2 commercial units: - Fraction A (commercial): consists of a large room at the entrance, storage area, hall and 3 toilets. It has a gross floor area of 58.70m2. - Unit B (commercial): consists of three large rooms, a storage area, kitchen, circulation and 1 toilet. It has a gross floor area of 91.50m2.On the 1st floor you'll find 2 flats. - Fraction 1 (residential): has an entrance hall, living room, storage and 1 toilet, and is considered a T0. It has a gross floor area of 65m2. - Fraction 2 (residential): has an entrance hall, living room, kitchen and storage room, and is also considered a studio. It has a gross floor area of 86m2.Finally, on the second and top floor you'll find 2 more flats. - Fraction 1 (residential): has an entrance hall, living room, storage room and 1 bedroom, and is considered a T1. It has a gross floor area of 59.90m2. - Fraction 2 (residential): has an entrance hall, living room, 2 bedrooms, storage, 1 toilet and access to a small terrace, and is considered a T2. It has a gross floor area of 97.85m2.The building is not habitable, but has an approved project for total remodelling. It is located just a few metres from the Gilão riverfront, close to all the shops.
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Currency Exchange
Tavira, 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 €975,000 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 |
|---|---|---|---|
| €975,000 | £803,303 | £846,388 | £43,085 |
| Property Price € | €975,000 |
| Minimum cost in the last six months | £803,303 |
| Maximum cost in the last six months | £846,388 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,085 |
Tavira, 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 €975,000 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 |
|---|---|---|---|
| €975,000 | £803,303 | £846,388 | £43,085 |
| Property Price € | €975,000 |
| Minimum cost in the last six months | £803,303 |
| Maximum cost in the last six months | £846,388 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,085 |
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 £43,085 more.
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