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Townhouse plus Bar
Periana, Málaga, Spain
REF: 740813
€360,000
Description
Townhouse plus Bar. 4 Bedrooms, 2 Bathrooms. Terrace. Magnificent Lake and Countryside Views. Essential Properties are delighted to offer for sale this large semi-detached property perfect as a home and income or investment opportunity. Situated close to the heart of the village, the building was originally constructed in 1980 and is built over 3 floors each measuring 262m2. Middle Level This floor has access directly from the street and is currently arranged as a spacious bar / restaurant with customer WC s. Large picture windows offer outstanding views of the surrounding countryside and Lake Viñuela. Ideal to restore as a restaurant, convert to a large guest apartment or for use as a large office space. Upper Level The accommodation located above the restaurant has independent access from the street. The main door opens onto a staircase leading to the first floor comprising of a spacious lounge / dining room with access to a 32m2 terrace, a large fitted kitchen / breakfast room with built-in appliances and a separate laundry / utility room, 2 family bathrooms, plus 4 large double bedrooms. An additional lounge could be used as a 5th bedroom. The property also benefits from a 40m2 sun terrace boasting magnificent views. Lower Level Access to this expansive underbuild is via large double doors to the rear or an internal staircase from the middle level. With a ceiling height of 10m and currently used as a garage / warehouse, this floor offers enormous scope for additional accommodation. Overview A fantastic property with the scope to create a home and income or to create 3 independent rental units. Viewing is a must to fully appreciate the size and potential that this property offers. Situated at an altitude of 547 m above sea level, the pretty village of Periana, full of cobbled streets and picturesque plazas/squares, is 50 km from Málaga and 28 km from Torre del Mar on the coast. The breathtaking views from the village enjoy the surrounding countryside, Lake Viñuela and the Mediterranean Sea and coastline. This large village offers numerous bars, restaurants, shops, medical centre, chemist and a village swimming pool plus benefits from public transport.
Townhouse plus Bar. 4 Bedrooms, 2 Bathrooms. Terrace. Magnificent Lake and Countryside Views. Essential Properties are delighted to offer for sale this large semi-detached property perfect as a home and income or investment opportunity. Situated close to the heart of the village, the building was originally constructed in 1980 and is built over 3 floors each measuring 262m2. Middle Level This floor has access directly from the street and is currently arranged as a spacious bar / restaurant with customer WC s. Large picture windows offer outstanding views of the surrounding countryside and Lake Viñuela. Ideal to restore as a restaurant, convert to a large guest apartment or for use as a large office space. Upper Level The accommodation located above the restaurant has independent access from the street. The main door opens onto a staircase leading to the first floor comprising of a spacious lounge / dining room with access to a 32m2 terrace, a large fitted kitchen / breakfast room with built-in appliances and a separate laundry / utility room, 2 family bathrooms, plus 4 large double bedrooms. An additional lounge could be used as a 5th bedroom. The property also benefits from a 40m2 sun terrace boasting magnificent views. Lower Level Access to this expansive underbuild is via large double doors to the rear or an internal staircase from the middle level. With a ceiling height of 10m and currently used as a garage / warehouse, this floor offers enormous scope for additional accommodation. Overview A fantastic property with the scope to create a home and income or to create 3 independent rental units. Viewing is a must to fully appreciate the size and potential that this property offers. Situated at an altitude of 547 m above sea level, the pretty village of Periana, full of cobbled streets and picturesque plazas/squares, is 50 km from Málaga and 28 km from Torre del Mar on the coast. The breathtaking views from the village enjoy the surrounding countryside, Lake Viñuela and the Mediterranean Sea and coastline. This large village offers numerous bars, restaurants, shops, medical centre, chemist and a village swimming pool plus benefits from public transport.
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Currency Exchange
Periana, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £299,477 | £309,823 | £10,346 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £299,477 |
| Maximum cost in the last six months | £309,823 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,346 |
Periana, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £299,477 | £309,823 | £10,346 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £299,477 |
| Maximum cost in the last six months | £309,823 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,346 |
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 £10,346 more.
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