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Restaurant for sale in urbanizacion port Addaia, Menorca
Port d'Addaia, Spain
REF: 589435
€500,000
Description
Addaia urbanization with small Marina port, to enjoy navigation in family, and the restaurants in the area. Building consisting of local restaurant, apartment and part of the building to convert into 2 or 3 apartments more. Total area of all the building 601,97 m2. This building is divided into two parts: Local (L-3) total area 357,77 m2, distributed in 229,27 m2 on the ground floor and 128,50 m2 on the ground floor. It is the Central and left part of the building, looking from the front. This distributed in: restaurant for about 14 tables, more than 20 in the outdoor terrace, kitchen, toilets, warehouses and on the top floor of this part there are building externally terminated (failure to finish interior), which could end up as 2-3 apartments. The restaurant has all the equipment and furniture. Local (L2) total area 244,20 m2, distributed in plant 95 m2 semi-basement, ground floor 106,60 m2 and plant floor 42,60 m2. It is the right side of the building, looking from the front. In the plant basement are toilets and changing rooms for staff and warehouse. The ground floor is part of the restaurant and on the first floor there is a fully finished and equipped apartment, it is distributed with 2 bedrooms, 1 bathroom, kitchen and terrace. #ref:V877
Addaia urbanization with small Marina port, to enjoy navigation in family, and the restaurants in the area. Building consisting of local restaurant, apartment and part of the building to convert into 2 or 3 apartments more. Total area of all the building 601,97 m2. This building is divided into two parts: Local (L-3) total area 357,77 m2, distributed in 229,27 m2 on the ground floor and 128,50 m2 on the ground floor. It is the Central and left part of the building, looking from the front. This distributed in: restaurant for about 14 tables, more than 20 in the outdoor terrace, kitchen, toilets, warehouses and on the top floor of this part there are building externally terminated (failure to finish interior), which could end up as 2-3 apartments. The restaurant has all the equipment and furniture. Local (L2) total area 244,20 m2, distributed in plant 95 m2 semi-basement, ground floor 106,60 m2 and plant floor 42,60 m2. It is the right side of the building, looking from the front. In the plant basement are toilets and changing rooms for staff and warehouse. The ground floor is part of the restaurant and on the first floor there is a fully finished and equipped apartment, it is distributed with 2 bedrooms, 1 bathroom, kitchen and terrace. #ref:V877
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Currency Exchange
Port d'Addaia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
Port d'Addaia, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
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