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Lucas Fox presents this unique villa , built in 1933 and completely refurbished in 2014, perfect as a first residence, as well as for investment, with great profitability potential in the prosperous Sitges tourist market
Sitges, Barcelona, Spain, 08870
REF: 806251
€850,000
Description
Lucas Fox presents this unique villa , built in 1933 and completely refurbished in 2014, perfect as a first residence, as well as for investment, with great profitability potential in the prosperous Sitges tourist market. With a privileged location just 400 meters from the beach and close to the city centre , this house combines traditional charm with modern comforts. The house has four large bedrooms, three bathrooms and an impressive terrace with a jacuzzi and chill-out area, perfect for enjoying the Mediterranean climate all year round. In addition, a gallery with barbecue space offers the ideal setting for outdoor gatherings with family and friends. However, the interest of this property lies in its potential as a tourist business. It has a transferable tourist license and a tourist business with 10 years of experience in the market. In this way, it currently benefits from a profitability of 5%, with possibilities of increasing income. The property has a portfolio of loyal customers and future reservations for the year 2024, which guarantees profitability from day one for investors. Do not miss the opportunity to acquire this family-friendly house in the centre of Sitges, fully equipped and in perfect condition, with the possibility of obtaining passive income through tourist rentals. Contact us today for more information and to schedule a visit.
Lucas Fox presents this unique villa , built in 1933 and completely refurbished in 2014, perfect as a first residence, as well as for investment, with great profitability potential in the prosperous Sitges tourist market. With a privileged location just 400 meters from the beach and close to the city centre , this house combines traditional charm with modern comforts. The house has four large bedrooms, three bathrooms and an impressive terrace with a jacuzzi and chill-out area, perfect for enjoying the Mediterranean climate all year round. In addition, a gallery with barbecue space offers the ideal setting for outdoor gatherings with family and friends. However, the interest of this property lies in its potential as a tourist business. It has a transferable tourist license and a tourist business with 10 years of experience in the market. In this way, it currently benefits from a profitability of 5%, with possibilities of increasing income. The property has a portfolio of loyal customers and future reservations for the year 2024, which guarantees profitability from day one for investors. Do not miss the opportunity to acquire this family-friendly house in the centre of Sitges, fully equipped and in perfect condition, with the possibility of obtaining passive income through tourist rentals. Contact us today for more information and to schedule a visit.
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Currency Exchange
Sitges, Barcelona, Spain, 08870
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £707,098 | £731,527 | £24,429 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £707,098 |
| Maximum cost in the last six months | £731,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,429 |
Sitges, Barcelona, Spain, 08870
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £707,098 | £731,527 | £24,429 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £707,098 |
| Maximum cost in the last six months | £731,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,429 |
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 £24,429 more.
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