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Fully equipped restaurant in the historic centre of Olhão
Olhão, Faro, Portugal
REF: 943157
€250,000
Description
Fully equipped restaurant in the historic centre of Olhão. Unique opportunity for those wishing to invest in the catering industry! Fully equipped restaurant ready to go, located in Olhão's charming historic quarter, a place with a large tourist influx and year-round traffic. Features of the space: Large, cosy lounge Kitchen equipped with all the necessary equipment Full buffet equipment Furniture included 2 storage rooms 2 bathrooms Storage room for logistical support Terrace to enjoy the unique atmosphere of the city Alarm system The current management will provide all the support for the buyer to start his business. The transfer includes the acquisition of the ‘Roça Tropicaliente’ trade mark. This is the ideal space to start a successful gastronomic project, due to its privileged proximity to downtown Olhão, the town hall, the marina, the markets and the ferry pier to the islands. Gross area: 127 m2 Lease value: 250.000€ Property rent: 1500€/month Created in France in 2008 and in Portugal in 2015, iad was born from an innovative model that extends the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in the thousands of consultants, properties online and deals completed. IAD Portugal is a network of independent property consultants, based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at IAD. Our consultants are there for you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy needed to guarantee you personalised support in realising your project, whether it's buying, renting or selling a property. At IAD you'll find a property consultant tailored to your needs. #ref: 137201
Fully equipped restaurant in the historic centre of Olhão. Unique opportunity for those wishing to invest in the catering industry! Fully equipped restaurant ready to go, located in Olhão's charming historic quarter, a place with a large tourist influx and year-round traffic. Features of the space: Large, cosy lounge Kitchen equipped with all the necessary equipment Full buffet equipment Furniture included 2 storage rooms 2 bathrooms Storage room for logistical support Terrace to enjoy the unique atmosphere of the city Alarm system The current management will provide all the support for the buyer to start his business. The transfer includes the acquisition of the ‘Roça Tropicaliente’ trade mark. This is the ideal space to start a successful gastronomic project, due to its privileged proximity to downtown Olhão, the town hall, the marina, the markets and the ferry pier to the islands. Gross area: 127 m2 Lease value: 250.000€ Property rent: 1500€/month Created in France in 2008 and in Portugal in 2015, iad was born from an innovative model that extends the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in the thousands of consultants, properties online and deals completed. IAD Portugal is a network of independent property consultants, based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at IAD. Our consultants are there for you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy needed to guarantee you personalised support in realising your project, whether it's buying, renting or selling a property. At IAD you'll find a property consultant tailored to your needs. #ref: 137201
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Currency Exchange
Olhão, 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 €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 | £205,975 | £211,523 | £5,548 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £211,523 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,548 |
Olhão, 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 €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 | £205,975 | £211,523 | £5,548 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £211,523 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,548 |
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 £5,548 more.
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