House Palace from the late 18th century, renovated in the 19th century, located in Vélez-Málaga

Vélez-Málaga, Málaga, Spain

For Sale

€830,000

REF: 695039 €830,000


14

4


1500 m2

1000 m2

Description

House Palace from the late 18th century, renovated in the 19th century, located in Vélez-Málaga. This imposing building, which has a remarkable history and has been recognized as a Cultural Heritage Site, possesses distinguished elegance and a traditional architecture of great solidity. The property is spread over two floors but also offers the possibility of expanding its buildable volume by an additional floor, providing considerable potential for investors interested in the hotel sector.

With a total of 14 spacious rooms, many of which enjoy private balconies, this property is ideal for creating an exclusive boutique hotel or a charming tourist accommodation. Upon entering the Casa Palacio, you will discover a beautiful interior gallery patio that evokes the majesty of past eras. The imposing palace-style staircase adds a touch of grandeur to the property, while the prominently designed facade enhances its impeccable classical style.

It is worth noting that the building has a spacious cellar, which maintains a constant temperature of 22 C, ideal for the preservation of wines and other delicacies. This Casa Palacio also has two entrances, one of which leads to a nave with carriage access, offering the possibility of ample parking space.

In addition, its privileged location guarantees excellent communication, surrounded by shops, restaurants, and services. Furthermore, its proximity to the beach, just 4 km away, allows you to enjoy the tranquility and charm of this historic town without sacrificing proximity to the sea. The property is an architectural gem with a rich history and an enviable location.

Its classic style, spacious rooms, and potential for expansion make it especially attractive to investors. Do not miss the opportunity to acquire this magnificent property and become part of the region's history.
House Palace from the late 18th century, renovated in the 19th century, located in Vélez-Málaga. This imposing building, which has a remarkable history and has been recognized as a Cultural Heritage Site, possesses distinguished elegance and a traditional architecture of great solidity. The property is spread over two floors but also offers the possibility of expanding its buildable volume by an additional floor, providing considerable potential for investors interested in the hotel sector.

With a total of 14 spacious rooms, many of which enjoy private balconies, this property is ideal for creating an exclusive boutique hotel or a charming tourist accommodation. Upon entering the Casa Palacio, you will discover a beautiful interior gallery patio that evokes the majesty of past eras. The imposing palace-style staircase adds a touch of grandeur to the property, while the prominently designed facade enhances its impeccable classical style.

It is worth noting that the building has a spacious cellar, which maintains a constant temperature of 22 C, ideal for the preservation of wines and other delicacies. This Casa Palacio also has two entrances, one of which leads to a nave with carriage access, offering the possibility of ample parking space.

In addition, its privileged location guarantees excellent communication, surrounded by shops, restaurants, and services. Furthermore, its proximity to the beach, just 4 km away, allows you to enjoy the tranquility and charm of this historic town without sacrificing proximity to the sea. The property is an architectural gem with a rich history and an enviable location.

Its classic style, spacious rooms, and potential for expansion make it especially attractive to investors. Do not miss the opportunity to acquire this magnificent property and become part of the region's history.
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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 €830,000 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
€830,000 £687,497 £713,344 £25,846
Property Price € €830,000
Minimum cost in the last six months £687,497
Maximum cost in the last six months £713,344
Fluctuating exchange rates over the last six months could have increased the cost of this property by £25,846

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 €830,000 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
€830,000 £687,497 £713,344 £25,846
Property Price € €830,000
Minimum cost in the last six months £687,497
Maximum cost in the last six months £713,344
Fluctuating exchange rates over the last six months could have increased the cost of this property by £25,846

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 £25,846 more.

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