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Corner Townhouse
Colmenar, Málaga, Spain
REF: 413698
€450,000
Description
Corner Townhouse. 4 Bedrooms, 3.5 Bathrooms. Roof Terrace and Patio. Bakery. Essential Properties are pleased to present a large townhouse plus successful bakery ideal to create a home and income. The ground floor of the property operates as a successful bakery and houses the shop front with display cabinets, storage rooms for ingredients, a preparation room and kitchen with industrial baking equipment. This floor also features a lounge/reception room with kitchenette, a shower room and an enclosed patio. The first floor is the main accommodation and comprises of a large lounge/dining room with Juliet balcony, a spacious fitted kitchen featuring built-in appliances, central island plus a separate pantry and utility room. This floor also features a family bathroom with free-standing bath and separate shower, a shower room with twin sink units, a cloakroom with WC and 4 double bedrooms. 2 of the bedrooms enjoy fitted wardrobes whilst another is currently used as an additional reception room with kitchenette. The first floor also benefits from a covered rear patio and a large front terrace with spiral stairs leading up to the roof terrace boasting exceptional views over the surrounding mountains, countryside and the village. Colmenar has an altitude of 700 metres and a population of 3,600. The foothills of the Sierra de Camaroles lie to the north and Mount Miraflores to the south. It is located at the most westerly point of Axarquia approx 30 minutes drive from Malaga, 10 minutes from Lake Viñuela and 30 minutes drive from the coast at Rincon de la Victoria. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
Corner Townhouse. 4 Bedrooms, 3.5 Bathrooms. Roof Terrace and Patio. Bakery. Essential Properties are pleased to present a large townhouse plus successful bakery ideal to create a home and income. The ground floor of the property operates as a successful bakery and houses the shop front with display cabinets, storage rooms for ingredients, a preparation room and kitchen with industrial baking equipment. This floor also features a lounge/reception room with kitchenette, a shower room and an enclosed patio. The first floor is the main accommodation and comprises of a large lounge/dining room with Juliet balcony, a spacious fitted kitchen featuring built-in appliances, central island plus a separate pantry and utility room. This floor also features a family bathroom with free-standing bath and separate shower, a shower room with twin sink units, a cloakroom with WC and 4 double bedrooms. 2 of the bedrooms enjoy fitted wardrobes whilst another is currently used as an additional reception room with kitchenette. The first floor also benefits from a covered rear patio and a large front terrace with spiral stairs leading up to the roof terrace boasting exceptional views over the surrounding mountains, countryside and the village. Colmenar has an altitude of 700 metres and a population of 3,600. The foothills of the Sierra de Camaroles lie to the north and Mount Miraflores to the south. It is located at the most westerly point of Axarquia approx 30 minutes drive from Malaga, 10 minutes from Lake Viñuela and 30 minutes drive from the coast at Rincon de la Victoria. In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency's professional fees are included.
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Currency Exchange
Colmenar, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
Colmenar, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
The exchange rate on the day you make an offer on your property in Spain 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 £14,013 more.
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