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A unique property in an enclave like no other, bordering a river, ideal for spiritual retreats, a small hotel with unique charm or as a rental investment
Ondara, ALICANTE, Spain, 03760
REF: 663888
€850,000
Description
A unique property in an enclave like no other, bordering a river, ideal for spiritual retreats, a small hotel with unique charm or as a rental investment.~~The property consists of seven 2 and 3 bedroom flats (3 3-bedroom and 5 2-bedroom), all with fully independent entrances. Three of the flats are currently rented out, the rest are in need of refurbishment (to varying degrees). For greater profitability, one of the flats can be separated into two, giving a total of 8 independent flats.~~There is enough parking space for about twenty cars inside the property, as well as more than enough space for banquets, outdoor parties, small congresses and meetings...~~The use of the river is permitted, and just a few metres away there is a small dam that allows for a higher water level right in front of the property.~~As if this were not enough, a large terrace of more than 400m on the first floor gives the property even more possibilities and character.~~Once the whole property has been brought up to date, it will require very little maintenance, whether it is used as a hotel, restaurant or flat rental (long term or tourist).
A unique property in an enclave like no other, bordering a river, ideal for spiritual retreats, a small hotel with unique charm or as a rental investment.~~The property consists of seven 2 and 3 bedroom flats (3 3-bedroom and 5 2-bedroom), all with fully independent entrances. Three of the flats are currently rented out, the rest are in need of refurbishment (to varying degrees). For greater profitability, one of the flats can be separated into two, giving a total of 8 independent flats.~~There is enough parking space for about twenty cars inside the property, as well as more than enough space for banquets, outdoor parties, small congresses and meetings...~~The use of the river is permitted, and just a few metres away there is a small dam that allows for a higher water level right in front of the property.~~As if this were not enough, a large terrace of more than 400m on the first floor gives the property even more possibilities and character.~~Once the whole property has been brought up to date, it will require very little maintenance, whether it is used as a hotel, restaurant or flat rental (long term or tourist).
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Currency Exchange
Ondara, ALICANTE, Spain, 03760
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Ondara, ALICANTE, Spain, 03760
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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