Investment opportunity! House in the centre of Vilanova i la Geltrú to refurbish!

Vilanova i la Geltru, Spain

For Sale

€395,000

REF: 750845 €395,000


Description

The house has 4 floors plus a large semi-covered terrace above, it is corner, one facade is about 14 metres and the other about 7 metres.~~In the stairwell there is currently a forklift that would be very useful for the works and then could be replaced by a small lift, there is plenty of light, the situation is unbeatable and has many possibilities.~~Ideal for people who want to live in the centre with their office, garage for two cars and upstairs a large flat.~~Other options could be considered, for example: ~- 2 small commercial premises, 3 studios and 3 offices, renting them out could give a profitability of 5000 /6000 per month.~- 2 garages for 2 cars each, 2 duplex or triplex with a large terrace upstairs.~- 1 office or medical practice, 1 garage for 2 cars and a big detached house.~- a house with three dwellings for parents and children and a garage for 4 cars.~- Tourist accommodation (there are some around).~- If the staircase is moved (now it is in the centre of the 2 garages which are also connected) there could be 3 independent flats, or 4 if one is also built on the ground floor.~~If the staircase is demolished, only 2 floors can be built, so it would be more interesting to do the rehabilitation.~To know for sure what we could do we have asked the town hall for the town planning certificate, we will have it shortly.~~The price does not include taxes and fees.

The ITP must be added to the purchase in second hand properties, in new properties the VAT and AJD and in both cases the notary and registry fees.~The price of the offer can be modified or cancelled without prior notice. All data presented are purely indicative.~
The house has 4 floors plus a large semi-covered terrace above, it is corner, one facade is about 14 metres and the other about 7 metres.~~In the stairwell there is currently a forklift that would be very useful for the works and then could be replaced by a small lift, there is plenty of light, the situation is unbeatable and has many possibilities.~~Ideal for people who want to live in the centre with their office, garage for two cars and upstairs a large flat.~~Other options could be considered, for example: ~- 2 small commercial premises, 3 studios and 3 offices, renting them out could give a profitability of 5000 /6000 per month.~- 2 garages for 2 cars each, 2 duplex or triplex with a large terrace upstairs.~- 1 office or medical practice, 1 garage for 2 cars and a big detached house.~- a house with three dwellings for parents and children and a garage for 4 cars.~- Tourist accommodation (there are some around).~- If the staircase is moved (now it is in the centre of the 2 garages which are also connected) there could be 3 independent flats, or 4 if one is also built on the ground floor.~~If the staircase is demolished, only 2 floors can be built, so it would be more interesting to do the rehabilitation.~To know for sure what we could do we have asked the town hall for the town planning certificate, we will have it shortly.~~The price does not include taxes and fees.

The ITP must be added to the purchase in second hand properties, in new properties the VAT and AJD and in both cases the notary and registry fees.~The price of the offer can be modified or cancelled without prior notice. All data presented are purely indicative.~
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Property on Map

#5800967

Currency Exchange

Vilanova i la Geltru, 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 €395,000 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
€395,000 £327,182 £339,483 £12,300
Property Price € €395,000
Minimum cost in the last six months £327,182
Maximum cost in the last six months £339,483
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,300

Vilanova i la Geltru, 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 €395,000 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
€395,000 £327,182 £339,483 £12,300
Property Price € €395,000
Minimum cost in the last six months £327,182
Maximum cost in the last six months £339,483
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,300

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 £12,300 more.

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