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Apartment in Puerto Banús
Puerto Banús, Spain
REF: 807001
€695,000
Description
Exclusive investment opportunity near Puerto Banús with sea views. This luxurious two-bedroom apartment is located on the beachfront in Marbella. Situated within a 5-star hotel next to the prestigious marina of Puerto Banús and close to San Pedro de Alcántara, this apartment offers the charming atmosphere of a village with a variety of restaurants, bars, shops, and sports facilities such as gyms, paddle clubs, and golf courses (with Guadalmina Golf Club and Atalaya Golf Club being the closest). The hotel features a gym, spa, and swimming pools. The apartment includes a double bedroom with a terrace and is connected via a door to a neighboring suite. This suite features a living room, fully equipped American kitchen, and a spacious terrace with views of the pool and sea. The sale of this property includes a management contract within the hotel, with conditions such as: Own use limited to one month per year, except during July and August, subject to availability. Rent of 30% on total production (gross). Requirement of a bank guarantee with annual renewal. Community expenses borne by the operator. Real-time profitability control through computer application. 15% discount on hotel services for owners. Maintenance and expenses covered by the operator. Ideal for owners who want to enjoy their vacations and generate income throughout the year. All bookings are efficiently managed by the hotel.
Exclusive investment opportunity near Puerto Banús with sea views. This luxurious two-bedroom apartment is located on the beachfront in Marbella. Situated within a 5-star hotel next to the prestigious marina of Puerto Banús and close to San Pedro de Alcántara, this apartment offers the charming atmosphere of a village with a variety of restaurants, bars, shops, and sports facilities such as gyms, paddle clubs, and golf courses (with Guadalmina Golf Club and Atalaya Golf Club being the closest). The hotel features a gym, spa, and swimming pools. The apartment includes a double bedroom with a terrace and is connected via a door to a neighboring suite. This suite features a living room, fully equipped American kitchen, and a spacious terrace with views of the pool and sea. The sale of this property includes a management contract within the hotel, with conditions such as: Own use limited to one month per year, except during July and August, subject to availability. Rent of 30% on total production (gross). Requirement of a bank guarantee with annual renewal. Community expenses borne by the operator. Real-time profitability control through computer application. 15% discount on hotel services for owners. Maintenance and expenses covered by the operator. Ideal for owners who want to enjoy their vacations and generate income throughout the year. All bookings are efficiently managed by the hotel.
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Currency Exchange
Puerto Banús, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £578,157 | £598,680 | £20,523 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £578,157 |
| Maximum cost in the last six months | £598,680 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,523 |
Puerto Banús, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £578,157 | £598,680 | £20,523 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £578,157 |
| Maximum cost in the last six months | £598,680 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,523 |
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 £20,523 more.
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