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Super offer for investors or just for serious people! Large commercial local of more than 220 m just 250 meters from the "Playa de Los Locos" in Torrevieja and very close to all services
Torrevieja, Alicante, Spain
REF: 820956
€159,500
Description
Super offer for investors or just for serious people! Large commercial local of more than 220 m just 250 meters from the "Playa de Los Locos" in Torrevieja and very close to all services. The geometry and surface of this magnificent commercial ground floor allows it to be converted into 5 individual homes or tourist apartments. The estimated cost of conditioning and renovation work would be 750 - 800/m . After all the investments and expenses, the average cost of each home would be 75,000 - 80,000, with its sales value on the insured market being a minimum of 135,000. In the case of tourist rentals, the investment amortization period taking into account the average degree of occupancy would be up to 4 years. The best option: exploit it during the amortization period and then sell the apartments separately, profitability more than 200%. If you are interested in this investment offer, contact us and we will give you more information.
Super offer for investors or just for serious people! Large commercial local of more than 220 m just 250 meters from the "Playa de Los Locos" in Torrevieja and very close to all services. The geometry and surface of this magnificent commercial ground floor allows it to be converted into 5 individual homes or tourist apartments. The estimated cost of conditioning and renovation work would be 750 - 800/m . After all the investments and expenses, the average cost of each home would be 75,000 - 80,000, with its sales value on the insured market being a minimum of 135,000. In the case of tourist rentals, the investment amortization period taking into account the average degree of occupancy would be up to 4 years. The best option: exploit it during the amortization period and then sell the apartments separately, profitability more than 200%. If you are interested in this investment offer, contact us and we will give you more information.
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Currency Exchange
Torrevieja, Alicante, 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 €159,500 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 |
|---|---|---|---|
| €159,500 | £132,115 | £137,082 | £4,967 |
| Property Price € | €159,500 |
| Minimum cost in the last six months | £132,115 |
| Maximum cost in the last six months | £137,082 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,967 |
Torrevieja, Alicante, 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 €159,500 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 |
|---|---|---|---|
| €159,500 | £132,115 | £137,082 | £4,967 |
| Property Price € | €159,500 |
| Minimum cost in the last six months | £132,115 |
| Maximum cost in the last six months | £137,082 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,967 |
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 £4,967 more.
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