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Commercial premises in the center of Torrevieja that for the last 20 years has been operating with high profitability as a bar-restaurant
Torrevieja, Alicante, Spain
REF: 750899
€325,000
Description
Commercial premises in the center of Torrevieja that for the last 20 years has been operating with high profitability as a bar-restaurant. Close to the largest and most central banks, supermarkets and notaries in Torrevieja has made this bar the nerve center for all the lunches of the workers in the center of Torrevieja. This place, which has always worked at full throttle, is ideal for different types of businesses, although it can be guaranteed that it has always worked and will continue to work for bars. In addition, it is already prepared as can be seen in the photos for immediate operation. Very acceptable profitability for investors. Rental yields in recent years amounting to about 1500 Euros per month.
Commercial premises in the center of Torrevieja that for the last 20 years has been operating with high profitability as a bar-restaurant. Close to the largest and most central banks, supermarkets and notaries in Torrevieja has made this bar the nerve center for all the lunches of the workers in the center of Torrevieja. This place, which has always worked at full throttle, is ideal for different types of businesses, although it can be guaranteed that it has always worked and will continue to work for bars. In addition, it is already prepared as can be seen in the photos for immediate operation. Very acceptable profitability for investors. Rental yields in recent years amounting to about 1500 Euros per month.
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Currency Exchange
Torrevieja, 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 €325,000 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 |
|---|---|---|---|
| €325,000 | £267,768 | £275,633 | £7,865 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £267,768 |
| Maximum cost in the last six months | £275,633 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,865 |
Torrevieja, 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 €325,000 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 |
|---|---|---|---|
| €325,000 | £267,768 | £275,633 | £7,865 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £267,768 |
| Maximum cost in the last six months | £275,633 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,865 |
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 £7,865 more.
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