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** Price Reduction ** Extremely Large Corner House
Vélez-Málaga, Málaga, Spain
REF: 518234
€450,000
Description
** Price Reduction ** Extremely Large Corner House. 20 bedrooms. Excellent scope for Home and Income. Courtyard and Balconies. Renovation Project. Essential Properties are pleased to present a large Spanish house located in the centre of Velez-Malaga, offering a fabulous opportunity to create a boutique hotel with owners accommodation, or independent apartments with shop units below. The ground floor of the building measures approximately 370m2 and would be ideal to create individual units e.g shops, offices, hairdressers etc, or as a restaurant with reception area and industrial kitchen. The first floor measures approximately 270m2 and currently offers 9 large rooms, plus 2 storerooms, positioned around a central staircase and lift shaft. This floor also benefits from a large, 95m2 internal courtyard. The second floor, measuring 260m2 is currently distributed as 10 rooms plus 2 storerooms around the central staircase and lift shaft. The top floor would be perfect to create owners accommodation within a boutique hotel. This floor measures 130m2 with a 25m2 turreted room with direct access to a large roof terrace boasting superb views over the surrounding historical town, mountains and countryside. Perfectly located close to the town centre and on one of the most sought after roads in Velez-Malaga, this enormous and partly reformed property would be an investors/ developers dream! This Spanish town oozes charm and tradition. Full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets, plazas and historical monuments including the ancient Fortress towering over the historical town. Throughout the year there are many festivals and ferias, plus for those in search of culture there are many art galleries, regular jazz and flamenco recitals plus the theatre offers numerous plays, musicals and shows. The public transport is excellent with direct buses to the beach every 20 minutes and Malaga every hour. A superb town to experience and integrate into the Spanish lifestyle and culture.
** Price Reduction ** Extremely Large Corner House. 20 bedrooms. Excellent scope for Home and Income. Courtyard and Balconies. Renovation Project. Essential Properties are pleased to present a large Spanish house located in the centre of Velez-Malaga, offering a fabulous opportunity to create a boutique hotel with owners accommodation, or independent apartments with shop units below. The ground floor of the building measures approximately 370m2 and would be ideal to create individual units e.g shops, offices, hairdressers etc, or as a restaurant with reception area and industrial kitchen. The first floor measures approximately 270m2 and currently offers 9 large rooms, plus 2 storerooms, positioned around a central staircase and lift shaft. This floor also benefits from a large, 95m2 internal courtyard. The second floor, measuring 260m2 is currently distributed as 10 rooms plus 2 storerooms around the central staircase and lift shaft. The top floor would be perfect to create owners accommodation within a boutique hotel. This floor measures 130m2 with a 25m2 turreted room with direct access to a large roof terrace boasting superb views over the surrounding historical town, mountains and countryside. Perfectly located close to the town centre and on one of the most sought after roads in Velez-Malaga, this enormous and partly reformed property would be an investors/ developers dream! This Spanish town oozes charm and tradition. Full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets, plazas and historical monuments including the ancient Fortress towering over the historical town. Throughout the year there are many festivals and ferias, plus for those in search of culture there are many art galleries, regular jazz and flamenco recitals plus the theatre offers numerous plays, musicals and shows. The public transport is excellent with direct buses to the beach every 20 minutes and Malaga every hour. A superb town to experience and integrate into the Spanish lifestyle and culture.
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Currency Exchange
Vélez-Málaga, 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 |
Vélez-Málaga, 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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