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This exclusive boutique residence with only 9 apartments will offer luxury at the highest level through first class design specification and finish
Palma, Mallorca, Spain
REF: 706881
€1,625,000
Description
This exclusive boutique residence with only 9 apartments will offer luxury at the highest level through first class design specification and finish. The Cormorant Residences combine timeless elegance with uncompromising quality and will give its residents breathtaking views over the Bay of Palma.Located within walking distance of Club de Mar. The residence has 5 floors with a park area, a fitness, pool and spa area in the two basements Fitness room 53 m2 | Spa 53 m2 | Pool 34 m2 storage rooms for each apartment (8-12 m2) Units still available: First floor : Price : 2.400.000,00 3 bedrooms | 2 bathrooms Built-up area 189 m2 terrace 26 m2 | garden 103 m2 Floor 2: Apartment 2E Price : 1.625.000,00 3 bedrooms | 2 bathrooms Built area 136 m2 Terrace 12 m2 Floor 4: Price: 2.125.000,00 Apartment C 4th floor 3 bedrooms | 2 bathrooms Built area 127 m2 Terrace 21 m2 Penthouse Duplex Price: 2.125.000,00 4 + 5th floor 3 bedrooms | 2 bathrooms Built-up area 216 m2 | terrace 32 m2 storage rooms 94 m2 | swimming pool 19 m2 Penthouse Duplex 2 Price : 4.475.000,00 4 + 5th floor 3 bedrooms | 2 bathrooms Built-up area 216 m2 | terrace 32 m2 storerooms 94 m2 | swimming pool 19 m2 Gym Elevator Pool and spa area Garden area The units are in a privileged location very close to the city's historical and cultural landmarks such as Bellver Castle, the famous cathedral in Palma's old town or the neighboring Palau de Marivent, the Royal Palace, which is the annual summer residence of the Spanish royal family.
This exclusive boutique residence with only 9 apartments will offer luxury at the highest level through first class design specification and finish. The Cormorant Residences combine timeless elegance with uncompromising quality and will give its residents breathtaking views over the Bay of Palma.Located within walking distance of Club de Mar. The residence has 5 floors with a park area, a fitness, pool and spa area in the two basements Fitness room 53 m2 | Spa 53 m2 | Pool 34 m2 storage rooms for each apartment (8-12 m2) Units still available: First floor : Price : 2.400.000,00 3 bedrooms | 2 bathrooms Built-up area 189 m2 terrace 26 m2 | garden 103 m2 Floor 2: Apartment 2E Price : 1.625.000,00 3 bedrooms | 2 bathrooms Built area 136 m2 Terrace 12 m2 Floor 4: Price: 2.125.000,00 Apartment C 4th floor 3 bedrooms | 2 bathrooms Built area 127 m2 Terrace 21 m2 Penthouse Duplex Price: 2.125.000,00 4 + 5th floor 3 bedrooms | 2 bathrooms Built-up area 216 m2 | terrace 32 m2 storage rooms 94 m2 | swimming pool 19 m2 Penthouse Duplex 2 Price : 4.475.000,00 4 + 5th floor 3 bedrooms | 2 bathrooms Built-up area 216 m2 | terrace 32 m2 storerooms 94 m2 | swimming pool 19 m2 Gym Elevator Pool and spa area Garden area The units are in a privileged location very close to the city's historical and cultural landmarks such as Bellver Castle, the famous cathedral in Palma's old town or the neighboring Palau de Marivent, the Royal Palace, which is the annual summer residence of the Spanish royal family.
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Currency Exchange
Palma, Mallorca, 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 €1,625,000 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 |
|---|---|---|---|
| €1,625,000 | £1,346,004 | £1,396,606 | £50,603 |
| Property Price € | €1,625,000 |
| Minimum cost in the last six months | £1,346,004 |
| Maximum cost in the last six months | £1,396,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,603 |
Palma, Mallorca, 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 €1,625,000 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 |
|---|---|---|---|
| €1,625,000 | £1,346,004 | £1,396,606 | £50,603 |
| Property Price € | €1,625,000 |
| Minimum cost in the last six months | £1,346,004 |
| Maximum cost in the last six months | £1,396,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,603 |
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 £50,603 more.
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