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This well kept Aparthotel was built in 2002 and has always been modernized
COSTA DEL SILENCIO, Santa Cruz de Tenerife, Spain
REF: 665641
€9,950,000
Description
This well kept Aparthotel was built in 2002 and has always been modernized. The hotel is situated in Costa de Silencio only a few meters from the sea and has 70 flats with sunny terrace and sea views, they are spacious, bright and fully furnished. There is 50 studios with 40m2 and 20 one-bedroom flats with approximately 56m2 of living space. The entire property extends over a large plot of land and there is parking spaces in front of the house and an underground car park of 700m2. The rooms are equipped with all international TV programs. There is a reception, a gym, a restaurant, partyr oom and a corner bar and restaurant to rent out or run as another business. The Aparthotel is well maintained and close to all shopping facilities, bars and restaurants as touristic attractions. An ideal investment in one of the most demanded holiday areas in the south of Tenerife. The offer is subject to errors, price changes, commission and/or withdrawal from the market without prior notice. The 6.5% asset transfer, notary and registration expenses are borne by the buyer. Commission expenses are borne by the seller. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This allows us to work with international clients. Don't hesitate to contact us.
This well kept Aparthotel was built in 2002 and has always been modernized. The hotel is situated in Costa de Silencio only a few meters from the sea and has 70 flats with sunny terrace and sea views, they are spacious, bright and fully furnished. There is 50 studios with 40m2 and 20 one-bedroom flats with approximately 56m2 of living space. The entire property extends over a large plot of land and there is parking spaces in front of the house and an underground car park of 700m2. The rooms are equipped with all international TV programs. There is a reception, a gym, a restaurant, partyr oom and a corner bar and restaurant to rent out or run as another business. The Aparthotel is well maintained and close to all shopping facilities, bars and restaurants as touristic attractions. An ideal investment in one of the most demanded holiday areas in the south of Tenerife. The offer is subject to errors, price changes, commission and/or withdrawal from the market without prior notice. The 6.5% asset transfer, notary and registration expenses are borne by the buyer. Commission expenses are borne by the seller. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This allows us to work with international clients. Don't hesitate to contact us.
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Property on Map
Currency Exchange
COSTA DEL SILENCIO, Santa Cruz de Tenerife, 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 €9,950,000 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 |
|---|---|---|---|
| €9,950,000 | £8,241,685 | £8,551,528 | £309,843 |
| Property Price € | €9,950,000 |
| Minimum cost in the last six months | £8,241,685 |
| Maximum cost in the last six months | £8,551,528 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £309,843 |
COSTA DEL SILENCIO, Santa Cruz de Tenerife, 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 €9,950,000 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 |
|---|---|---|---|
| €9,950,000 | £8,241,685 | £8,551,528 | £309,843 |
| Property Price € | €9,950,000 |
| Minimum cost in the last six months | £8,241,685 |
| Maximum cost in the last six months | £8,551,528 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £309,843 |
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 £309,843 more.
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