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Historic Property for Investment in Aveiro: Former Chicory Factory with Potential for Apartments Real Estate Investment Opportunity in Aveiro! We present a unique opportunity for investors seeking a historic property with great potential: a building over 120 years old, located in Eixo, in the munici
Aveiro, Aveiro, Portugal
REF: 902007
€250,000
Description
Historic Property for Investment in Aveiro: Former Chicory Factory with Potential for Apartments Real Estate Investment Opportunity in Aveiro! We present a unique opportunity for investors seeking a historic property with great potential: a building over 120 years old, located in Eixo, in the municipality and district of Aveiro. Built during the era of the iconic Barra Lighthouse, this building once housed a chicory factory and served as a gathering place for the local community. For many years, this space was a true social center for the inhabitants of Eixo, offering a hall for dances and social events and being one of the first places where people could watch television — a milestone at the time, as few homes had access to a TV. With a land area of 1,420 m² and a built area of 962 m², the investment potential is vast. The building offers the possibility of conversion into several apartments, preserving its original architecture and unique iron beams, which are iconic features of this historical construction. This is more than just a renovation project; it is an opportunity to breathe new life into a historic asset with cultural and architectural value, transforming it into a high-value and profitable residential space. Invest near the city of Aveiro and don’t let the history of this building fade away! Turn this space, rich in stories and potential, into a valuable and culturally significant venture. #ref: 125846
Historic Property for Investment in Aveiro: Former Chicory Factory with Potential for Apartments Real Estate Investment Opportunity in Aveiro! We present a unique opportunity for investors seeking a historic property with great potential: a building over 120 years old, located in Eixo, in the municipality and district of Aveiro. Built during the era of the iconic Barra Lighthouse, this building once housed a chicory factory and served as a gathering place for the local community. For many years, this space was a true social center for the inhabitants of Eixo, offering a hall for dances and social events and being one of the first places where people could watch television — a milestone at the time, as few homes had access to a TV. With a land area of 1,420 m² and a built area of 962 m², the investment potential is vast. The building offers the possibility of conversion into several apartments, preserving its original architecture and unique iron beams, which are iconic features of this historical construction. This is more than just a renovation project; it is an opportunity to breathe new life into a historic asset with cultural and architectural value, transforming it into a high-value and profitable residential space. Invest near the city of Aveiro and don’t let the history of this building fade away! Turn this space, rich in stories and potential, into a valuable and culturally significant venture. #ref: 125846
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Currency Exchange
Aveiro, Aveiro, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Aveiro, Aveiro, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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