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A property with a lot of potential, close to Moraira town
Moraira, Costa Blanca North, Spain
REF: 675360
€699,900
Description
A property with a lot of potential, close to Moraira town. This is a converted office building which consists of one 3-bedroom apartment and three 2-bedroom apartments. Two of the apartments need refurbishment but, two are already renovated and have been used for rental clients. The building sits on 1200m2 plot and in front there is a 1000m2 building plot which has had permission for separation from the original plot but, is being sold together. Good investment / project.
Externally there is a large car parking area with plenty of room for approximately 10 cars and there is a garden area already established.
The first apartments on the right of the building have a large American style kitchen with a spacious living area and air-conditioning unit. There are two bedrooms, one with an en-suite as well as a family bathroom. One of the bedrooms is currently being used as a dressing room.
The second apartment offers a spacious living area with fire place, ceiling fan and u-shaped American kitchen. There are two bedrooms and a good sized bathroom.
The third apartment is currently being used as an office and will need to be renovated. One bedroom is being used as a storage area and the kitchen is fairly new. An air-conditioning unit has already been installed and it would not take too much work for this to once again become a good living space.
The fourth apartment which requires renovation has a fire place and an air-conditioning unit. Most of the work required will be re-plastering of the walls and an en-suite bathroom which will need to be renewed.
There are many possibilities with this property and the adjoining land, an investment opportunity not to be missed.
A property with a lot of potential, close to Moraira town. This is a converted office building which consists of one 3-bedroom apartment and three 2-bedroom apartments. Two of the apartments need refurbishment but, two are already renovated and have been used for rental clients. The building sits on 1200m2 plot and in front there is a 1000m2 building plot which has had permission for separation from the original plot but, is being sold together. Good investment / project.
Externally there is a large car parking area with plenty of room for approximately 10 cars and there is a garden area already established.
The first apartments on the right of the building have a large American style kitchen with a spacious living area and air-conditioning unit. There are two bedrooms, one with an en-suite as well as a family bathroom. One of the bedrooms is currently being used as a dressing room.
The second apartment offers a spacious living area with fire place, ceiling fan and u-shaped American kitchen. There are two bedrooms and a good sized bathroom.
The third apartment is currently being used as an office and will need to be renovated. One bedroom is being used as a storage area and the kitchen is fairly new. An air-conditioning unit has already been installed and it would not take too much work for this to once again become a good living space.
The fourth apartment which requires renovation has a fire place and an air-conditioning unit. Most of the work required will be re-plastering of the walls and an en-suite bathroom which will need to be renewed.
There are many possibilities with this property and the adjoining land, an investment opportunity not to be missed.
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Property on Map
Currency Exchange
Moraira, Costa Blanca North, 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 €699,900 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 |
|---|---|---|---|
| €699,900 | £579,734 | £601,529 | £21,795 |
| Property Price € | €699,900 |
| Minimum cost in the last six months | £579,734 |
| Maximum cost in the last six months | £601,529 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,795 |
Moraira, Costa Blanca North, 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 €699,900 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 |
|---|---|---|---|
| €699,900 | £579,734 | £601,529 | £21,795 |
| Property Price € | €699,900 |
| Minimum cost in the last six months | £579,734 |
| Maximum cost in the last six months | £601,529 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,795 |
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 £21,795 more.
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