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For Sale, Finca -El Recreo, Almayate, Malaga, Andalusia
Almayate Bajo, Spain
REF: 826076
€3,500,000
Description
The Cortijo de la Finca 'El Recreo' is a house more than 100 years old, in which all the elements of the typical Andalusian Cortijo-Houses have been preserved. It has a central Andalusian courtyard, which leads to the ground floor, to the kitchen-room, where there is a wood-fired oven and a modern industrial cold room. From the central patio there is access to the living-dining room and two other rooms currently used as offices. A staircase from the courtyard leads to the 8 bedrooms and 2 bathrooms of the main house. The house has a total of 300 square metres which could be used as a restaurant/bar, as well as its bedrooms, after renovation, as a small rural hotel. It also has 2 independent flats with living room, bedroom, kitchen and bathroom. The most interesting of this property, together with its 20 stables, is the equestrian and warm-up track, as well as the different areas of hayloft, shower area for the horses, outbuildings such as hangars-breeding stables etc., makes it an ideal place to create a holiday Equestrian Club, as it has in its 32.000m2 the possibility to create an Andalusian Village of 112 houses, as it is considered as BUILDABLE LAND by the Town Hall of Velez-Malaga. It has 2 registered water wells with a water deposit of 100.000L covered, apart from water from the Town Hall with three deposits for this water reserve. A project around the world of horse riding and holiday rental housing makes the investment a novel project on the Costa del Sol and its beaches which are only one kilometre away and next to the village of Almayate which has all the services. Torre del Mar and its shopping centres are only 3 kilometres away, the golf course 'A oreta' is only 10 minutes away and Malaga International Airport is only 35 minutes away. #ref:S10152
The Cortijo de la Finca 'El Recreo' is a house more than 100 years old, in which all the elements of the typical Andalusian Cortijo-Houses have been preserved. It has a central Andalusian courtyard, which leads to the ground floor, to the kitchen-room, where there is a wood-fired oven and a modern industrial cold room. From the central patio there is access to the living-dining room and two other rooms currently used as offices. A staircase from the courtyard leads to the 8 bedrooms and 2 bathrooms of the main house. The house has a total of 300 square metres which could be used as a restaurant/bar, as well as its bedrooms, after renovation, as a small rural hotel. It also has 2 independent flats with living room, bedroom, kitchen and bathroom. The most interesting of this property, together with its 20 stables, is the equestrian and warm-up track, as well as the different areas of hayloft, shower area for the horses, outbuildings such as hangars-breeding stables etc., makes it an ideal place to create a holiday Equestrian Club, as it has in its 32.000m2 the possibility to create an Andalusian Village of 112 houses, as it is considered as BUILDABLE LAND by the Town Hall of Velez-Malaga. It has 2 registered water wells with a water deposit of 100.000L covered, apart from water from the Town Hall with three deposits for this water reserve. A project around the world of horse riding and holiday rental housing makes the investment a novel project on the Costa del Sol and its beaches which are only one kilometre away and next to the village of Almayate which has all the services. Torre del Mar and its shopping centres are only 3 kilometres away, the golf course 'A oreta' is only 10 minutes away and Malaga International Airport is only 35 minutes away. #ref:S10152
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Currency Exchange
Almayate Bajo, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
Almayate Bajo, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
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 £108,990 more.
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