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This well-located hostel in Javea at the foot of the Montgo has everything you are looking for as an investor
Javea, Alicante, Spain
REF: 746681
€2,500,000
Description
This well-located hostel in Javea at the foot of the Montgo has everything you are looking for as an investor.There are 16 spacious double rooms, 4 of which are expandable into family rooms, and 1 is wheelchair accessible. Each room has an ensuite bathroom and a private terrace with seating area.From the check-in desk, guests have access to the common space with large lounge, separate sitting areas, a double-equipped user-friendly kitchen and a distinct dining room.On the underground floor we find 2 large multipurpose rooms, various storage rooms and a goods elevator.Outside, there is a 14 x 5 swimming pool with ample sunbathing area and sunbeds for all guests.On-site and off-site parking is provided.The Hostel can be upgraded to a 3-star hotel without investment, with minor adjustments even to a 4-star hotel.The location is central, just 10 minutes from the beach, 5 minutes from the village, in the middle of one of the most beautiful and bicycle friendly areas of the Costa Blanca.The property is sold fully furnished and decorated, including spare furniture.
This well-located hostel in Javea at the foot of the Montgo has everything you are looking for as an investor.There are 16 spacious double rooms, 4 of which are expandable into family rooms, and 1 is wheelchair accessible. Each room has an ensuite bathroom and a private terrace with seating area.From the check-in desk, guests have access to the common space with large lounge, separate sitting areas, a double-equipped user-friendly kitchen and a distinct dining room.On the underground floor we find 2 large multipurpose rooms, various storage rooms and a goods elevator.Outside, there is a 14 x 5 swimming pool with ample sunbathing area and sunbeds for all guests.On-site and off-site parking is provided.The Hostel can be upgraded to a 3-star hotel without investment, with minor adjustments even to a 4-star hotel.The location is central, just 10 minutes from the beach, 5 minutes from the village, in the middle of one of the most beautiful and bicycle friendly areas of the Costa Blanca.The property is sold fully furnished and decorated, including spare furniture.
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Currency Exchange
Javea, Alicante, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
Javea, Alicante, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
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 £71,850 more.
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