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Bar/Restaurant
Moraleda de Zafayona, Granada, Spain
REF: 825758
€930,000
Description
Bar/Restaurant. Apartment. 4 Bedrooms, 1 Bathroom. Terrace. Business Opportunity. Essential Properties are pleased to present this outstanding business opportunity set within a level plot of 10,000m2 and with direct access to an excellent motorway network. Measuring approx. 375m2, this bar/ restaurant has been recently renovated to a very high standard and features an 84-cover dining room with a fitted bar area, a spacious fitted kitchen furnished with high-end industrial equipment including food preparation units, a full butane-gas cooker, plus large walk-in coolers and freezers. A large wrap-around terrace to the front and side of the restaurant offers additional seating areas. The owner s apartment is located above the restaurant on the first floor and comprises of a lounge, a kitchen with a corner fireplace and separate pantry, 4 double bedrooms and a family bathroom with shower. A door from the kitchen leads directly onto a first-floor sun terrace. Alongside the apartment is an expansive storeroom measuring approx. 170m2; ideal to convert into additional accommodation. The property also benefits from mains water and electric, and a 25,000 litre water deposit. Overview An outstandingly presented restaurant with the potential to generate additional income by converting the storeroom to create rental accommodation. The plot offers scope to store vehicles (e.g. motorhomes, trucks) or to introduce a petrol station as started by the previous owner.
Bar/Restaurant. Apartment. 4 Bedrooms, 1 Bathroom. Terrace. Business Opportunity. Essential Properties are pleased to present this outstanding business opportunity set within a level plot of 10,000m2 and with direct access to an excellent motorway network. Measuring approx. 375m2, this bar/ restaurant has been recently renovated to a very high standard and features an 84-cover dining room with a fitted bar area, a spacious fitted kitchen furnished with high-end industrial equipment including food preparation units, a full butane-gas cooker, plus large walk-in coolers and freezers. A large wrap-around terrace to the front and side of the restaurant offers additional seating areas. The owner s apartment is located above the restaurant on the first floor and comprises of a lounge, a kitchen with a corner fireplace and separate pantry, 4 double bedrooms and a family bathroom with shower. A door from the kitchen leads directly onto a first-floor sun terrace. Alongside the apartment is an expansive storeroom measuring approx. 170m2; ideal to convert into additional accommodation. The property also benefits from mains water and electric, and a 25,000 litre water deposit. Overview An outstandingly presented restaurant with the potential to generate additional income by converting the storeroom to create rental accommodation. The plot offers scope to store vehicles (e.g. motorhomes, trucks) or to introduce a petrol station as started by the previous owner.
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Currency Exchange
Moraleda de Zafayona, Granada, 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 €930,000 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 |
|---|---|---|---|
| €930,000 | £773,193 | £800,377 | £27,184 |
| Property Price € | €930,000 |
| Minimum cost in the last six months | £773,193 |
| Maximum cost in the last six months | £800,377 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,184 |
Moraleda de Zafayona, Granada, 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 €930,000 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 |
|---|---|---|---|
| €930,000 | £773,193 | £800,377 | £27,184 |
| Property Price € | €930,000 |
| Minimum cost in the last six months | £773,193 |
| Maximum cost in the last six months | £800,377 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,184 |
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 £27,184 more.
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