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Exceptional investment property for sale in Estepona
Estepona, Malaga, Spain, 29680
REF: 814211
€960,000
Description
Situated in a charming pedestrianised street within walking distance of the beach, lies this exceptional investment property for sale in Estepona awaiting those with a keen eye for potential. The ground floor of this townhouse features a versatile commercial unit, perfectly suited for various business ventures. Meanwhile, the upper floor comprises two apartments, totalling five bedrooms and three bathrooms. This layout presents an ideal configuration for the creation of tourism rental spaces, catering to the growing demand for short-term accommodation in the area. Whether used individually or combined, these apartments offer lucrative opportunities for both short-term tourism rentals and long-term leases. What sets this property apart is its potential for expansion. With the option to extend up another floor, there is ample room to maximise the space and further enhance its value. This additional floor could significantly increase the rental income potential, making it an enticing prospect for investors seeking long-term returns. The appeal of Estepona as a destination cannot be overstated. Once a tranquil fishing village, it has evolved into a cosmopolitan town while retaining its original charm. With 21 kilometres of coastline, a palm-lined promenade, and pristine beaches, the town attracts visitors from around the globe, with its picturesque streets, bustling atmosphere and vibrant marina all contributing to its appeal. The town offers modern amenities, boasting supermarkets, an excellent selection of dining options, retail outlets, and medical facilities that cater to the needs of both residents and visitors. Additionally, Estepona s reputation as a golfing destination further enhances its appeal, offering ample leisure opportunities for golf enthusiasts. The fashionable boutiques and dining spots of Marbella and Puerto Banus are just a 25-minute drive away, while both Malaga and Gibraltar airports can be reached within 45 minutes. Whether you are an investor, builder, or forward-thinking entrepreneur, this property, ready for development, presents a chance to realise significant returns in a thriving market. Don t miss out on this great location and excellent investment potential! Contact us today to schedule a viewing or to discuss your investment options further.
Situated in a charming pedestrianised street within walking distance of the beach, lies this exceptional investment property for sale in Estepona awaiting those with a keen eye for potential. The ground floor of this townhouse features a versatile commercial unit, perfectly suited for various business ventures. Meanwhile, the upper floor comprises two apartments, totalling five bedrooms and three bathrooms. This layout presents an ideal configuration for the creation of tourism rental spaces, catering to the growing demand for short-term accommodation in the area. Whether used individually or combined, these apartments offer lucrative opportunities for both short-term tourism rentals and long-term leases. What sets this property apart is its potential for expansion. With the option to extend up another floor, there is ample room to maximise the space and further enhance its value. This additional floor could significantly increase the rental income potential, making it an enticing prospect for investors seeking long-term returns. The appeal of Estepona as a destination cannot be overstated. Once a tranquil fishing village, it has evolved into a cosmopolitan town while retaining its original charm. With 21 kilometres of coastline, a palm-lined promenade, and pristine beaches, the town attracts visitors from around the globe, with its picturesque streets, bustling atmosphere and vibrant marina all contributing to its appeal. The town offers modern amenities, boasting supermarkets, an excellent selection of dining options, retail outlets, and medical facilities that cater to the needs of both residents and visitors. Additionally, Estepona s reputation as a golfing destination further enhances its appeal, offering ample leisure opportunities for golf enthusiasts. The fashionable boutiques and dining spots of Marbella and Puerto Banus are just a 25-minute drive away, while both Malaga and Gibraltar airports can be reached within 45 minutes. Whether you are an investor, builder, or forward-thinking entrepreneur, this property, ready for development, presents a chance to realise significant returns in a thriving market. Don t miss out on this great location and excellent investment potential! Contact us today to schedule a viewing or to discuss your investment options further.
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Currency Exchange
Estepona, Malaga, Spain, 29680
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 €960,000 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 |
|---|---|---|---|
| €960,000 | £798,605 | £826,195 | £27,590 |
| Property Price € | €960,000 |
| Minimum cost in the last six months | £798,605 |
| Maximum cost in the last six months | £826,195 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,590 |
Estepona, Malaga, Spain, 29680
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 €960,000 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 |
|---|---|---|---|
| €960,000 | £798,605 | £826,195 | £27,590 |
| Property Price € | €960,000 |
| Minimum cost in the last six months | £798,605 |
| Maximum cost in the last six months | £826,195 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,590 |
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 £27,590 more.
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