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This unfinished luxury project is located on one of the last buildable plots on the first line of the Mallorcan coast
Cala Pi, Mallorca, Spain
REF: 791068
€2,500,000
Description
This unfinished luxury project is located on one of the last buildable plots on the first line of the Mallorcan coast. With nothing but sea in front of it, it is a truly unique opportunity. A total of 250m2 distributed over three floors connected by a lift can be built. It is currently in the development phase and is being sold as a project. Once completed it will include: a large communal area, bedrooms and guest areas on the first and second floors and an additional construction on the roof which will benefit from the incredible sea views from up there. The completion of this project can be done in two ways: Either the house can be completed according to the current plans or the existing structure can be demolished and rebuilt from scratch. With its special location and breathtaking sea views, this house is a truly beautiful place to enjoy life in Mallorca. If you have any questions or would like to arrange a viewing, our property consultants will be happy to assist you! DIVISION: Ground floor: garden, pool, car park, entrance and hallway, kitchen, living room, 2 bedrooms, 2 bathrooms 1G: 2 bedrooms, 2 bathrooms, terrace Upper floor: cinema room and roof terrace Villa located directly on the sea front Complete personalisation of the interior is available on completion of the project. Marvellous sea views It is possible to build an infinity pool in compliance with building regulations. Private swimming pool Pre-installation for underfloor heating Pre-installation for lift with access to all floors
This unfinished luxury project is located on one of the last buildable plots on the first line of the Mallorcan coast. With nothing but sea in front of it, it is a truly unique opportunity. A total of 250m2 distributed over three floors connected by a lift can be built. It is currently in the development phase and is being sold as a project. Once completed it will include: a large communal area, bedrooms and guest areas on the first and second floors and an additional construction on the roof which will benefit from the incredible sea views from up there. The completion of this project can be done in two ways: Either the house can be completed according to the current plans or the existing structure can be demolished and rebuilt from scratch. With its special location and breathtaking sea views, this house is a truly beautiful place to enjoy life in Mallorca. If you have any questions or would like to arrange a viewing, our property consultants will be happy to assist you! DIVISION: Ground floor: garden, pool, car park, entrance and hallway, kitchen, living room, 2 bedrooms, 2 bathrooms 1G: 2 bedrooms, 2 bathrooms, terrace Upper floor: cinema room and roof terrace Villa located directly on the sea front Complete personalisation of the interior is available on completion of the project. Marvellous sea views It is possible to build an infinity pool in compliance with building regulations. Private swimming pool Pre-installation for underfloor heating Pre-installation for lift with access to all floors
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Currency Exchange
Cala Pi, 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 €2,500,000 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 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
Cala Pi, 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 €2,500,000 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 | £2,070,775 | £2,148,625 | £77,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,070,775 |
| Maximum cost in the last six months | £2,148,625 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,850 |
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 £77,850 more.
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