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Next House Almeria is thrilled to present to you a remarkable investment opportunity in the stunning coastal town of Caleta de Vélez
Velez Malaga, Malaga, Spain, 29700
REF: 798151
€3,900,000
Description
Next House Almeria is thrilled to present to you a remarkable investment opportunity in the stunning coastal town of Caleta de Vélez. We are proud to introduce this unique urban plot spanning approximately 16,300 m2, boasting mesmerizing sea views and offering immense potential for development. Situated just 500 meters from the renowned Caleta de Vélez Marina and its pristine beaches, this prime location is highly coveted and promises a lucrative venture. Adjacent to the prestigious Baviera Golf Course, the parcel of buildable area encompasses 21,632 m2, surrounded by 900 secluded homes, each adorned with a private garden. With a cadastral value of 8,849,932 and a mortgage appraisal of 8.6 million, this opportunity stands as a beacon of potential for discerning investors. The possibilities for development on this exceptional plot are vast. Whether envisioning a luxury hotel with 370 rooms, a golf residence, a commercial center, an elderly residence, or accommodations catering to students studying in the area, the canvas is yours to paint. The strategic location, coupled with the myriad of potential uses, makes this urban plot an irresistible prospect for those seeking a promising investment in the flourishing Costa del Sol region. From hospitality to medical services to industrial ventures, the opportunities are boundless. For further details and to embark on this extraordinary investment journey, please do not hesitate to contact us. Let us unlock the full potential of this magnificent urban plot together.
Next House Almeria is thrilled to present to you a remarkable investment opportunity in the stunning coastal town of Caleta de Vélez. We are proud to introduce this unique urban plot spanning approximately 16,300 m2, boasting mesmerizing sea views and offering immense potential for development. Situated just 500 meters from the renowned Caleta de Vélez Marina and its pristine beaches, this prime location is highly coveted and promises a lucrative venture. Adjacent to the prestigious Baviera Golf Course, the parcel of buildable area encompasses 21,632 m2, surrounded by 900 secluded homes, each adorned with a private garden. With a cadastral value of 8,849,932 and a mortgage appraisal of 8.6 million, this opportunity stands as a beacon of potential for discerning investors. The possibilities for development on this exceptional plot are vast. Whether envisioning a luxury hotel with 370 rooms, a golf residence, a commercial center, an elderly residence, or accommodations catering to students studying in the area, the canvas is yours to paint. The strategic location, coupled with the myriad of potential uses, makes this urban plot an irresistible prospect for those seeking a promising investment in the flourishing Costa del Sol region. From hospitality to medical services to industrial ventures, the opportunities are boundless. For further details and to embark on this extraordinary investment journey, please do not hesitate to contact us. Let us unlock the full potential of this magnificent urban plot together.
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Currency Exchange
Velez Malaga, Malaga, Spain, 29700
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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,230,409 | £3,351,855 | £121,446 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,230,409 |
| Maximum cost in the last six months | £3,351,855 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £121,446 |
Velez Malaga, Malaga, Spain, 29700
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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,230,409 | £3,351,855 | £121,446 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,230,409 |
| Maximum cost in the last six months | £3,351,855 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £121,446 |
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 £121,446 more.
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