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This fully renovated stunning 11th floor luxury penthouse with 2 entrances and its own staff flat is located directly on the famous waterfront promenade Paseo Maritimo
Palma, Mallorca, Spain
REF: 706885
€2,390,000
Description
This fully renovated stunning 11th floor luxury penthouse with 2 entrances and its own staff flat is located directly on the famous waterfront promenade Paseo Maritimo. Situated in the front line of the sea and only a few minutes walk from the cathedral, this jewel is in one of the most sought-after locations in Palma. From the 100m main living room with fireplace and the large sun terrace you have a unique sea and marina view. Beautiful extensive marble floors complete the noble ambience and reflect the timeless elegance of this property. In total there are 5 bedrooms and 4 bathrooms en suite as well as 4 toilets. Especially the free-standing bathtub in the wet area of the master bedroom is a highlight. Furthermore, there is a fully equipped open kitchen, and a separate technical room. If required, the penthouse can be divided into 2 units due to the 2 entrances. In addition, there is a garage space with 2 security gates and a large communal pool. bedrooms: 5 Bathrooms: 4 Living space + terraces: 285 m Garage / parking space Fireplace Pool Air conditioning Central heating Sea view Marina view
This fully renovated stunning 11th floor luxury penthouse with 2 entrances and its own staff flat is located directly on the famous waterfront promenade Paseo Maritimo. Situated in the front line of the sea and only a few minutes walk from the cathedral, this jewel is in one of the most sought-after locations in Palma. From the 100m main living room with fireplace and the large sun terrace you have a unique sea and marina view. Beautiful extensive marble floors complete the noble ambience and reflect the timeless elegance of this property. In total there are 5 bedrooms and 4 bathrooms en suite as well as 4 toilets. Especially the free-standing bathtub in the wet area of the master bedroom is a highlight. Furthermore, there is a fully equipped open kitchen, and a separate technical room. If required, the penthouse can be divided into 2 units due to the 2 entrances. In addition, there is a garage space with 2 security gates and a large communal pool. bedrooms: 5 Bathrooms: 4 Living space + terraces: 285 m Garage / parking space Fireplace Pool Air conditioning Central heating Sea view Marina view
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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 €2,390,000 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 |
|---|---|---|---|
| €2,390,000 | £1,979,661 | £2,054,086 | £74,425 |
| Property Price € | €2,390,000 |
| Minimum cost in the last six months | £1,979,661 |
| Maximum cost in the last six months | £2,054,086 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,425 |
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 €2,390,000 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 |
|---|---|---|---|
| €2,390,000 | £1,979,661 | £2,054,086 | £74,425 |
| Property Price € | €2,390,000 |
| Minimum cost in the last six months | £1,979,661 |
| Maximum cost in the last six months | £2,054,086 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £74,425 |
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 £74,425 more.
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