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For sale: All In One: Penthouse, Hostel and Restaurant Beachfront
Caleta de V lez, Spain
REF: 826167
€1,600,000
Description
In the port of Caleta de Velez you get the unique opportunity to acquire this constellation of three, two businesses and living, On the ground floor is the well-established restaurant with upscale cuisine, known and successful for many years. It offers about 25 seats inside and another 25 outside, which are currently not used. Next to the restaurant is the reception to the hostel which is located on the first and second floor. The hostel has 8 double rooms and 2 triple rooms all of them with on-suite bathrooms. All rooms are equipped with air conditioning, minibar and TV. The building is completely handicapped accessible, the elevator goes to all floors, including the privately used penthouse on the third floor. The penthouse overlooks everything from the port to the picturesque bay of Torre del Mar. It offers 3 bedrooms, a bathroom, a kitchen and a living room, as well as a spacious terrace. The golf course Baviera is only 5 minutes away from the property, the airport M laga is also less than 30 min away, everything else can be reached on foot. The overall condition of the building is impeccable and leaves nothing to be desired. It combines dreamlike living with two good businesses. We are pleased to be able to present this dream property to you soon, either personally or via virtual viewing. Because this world, it is unique - just like our Axarqu a. In Andalusia. On the Costa del Sol. Here, on the sunny side of life... #ref:5856
In the port of Caleta de Velez you get the unique opportunity to acquire this constellation of three, two businesses and living, On the ground floor is the well-established restaurant with upscale cuisine, known and successful for many years. It offers about 25 seats inside and another 25 outside, which are currently not used. Next to the restaurant is the reception to the hostel which is located on the first and second floor. The hostel has 8 double rooms and 2 triple rooms all of them with on-suite bathrooms. All rooms are equipped with air conditioning, minibar and TV. The building is completely handicapped accessible, the elevator goes to all floors, including the privately used penthouse on the third floor. The penthouse overlooks everything from the port to the picturesque bay of Torre del Mar. It offers 3 bedrooms, a bathroom, a kitchen and a living room, as well as a spacious terrace. The golf course Baviera is only 5 minutes away from the property, the airport M laga is also less than 30 min away, everything else can be reached on foot. The overall condition of the building is impeccable and leaves nothing to be desired. It combines dreamlike living with two good businesses. We are pleased to be able to present this dream property to you soon, either personally or via virtual viewing. Because this world, it is unique - just like our Axarqu a. In Andalusia. On the Costa del Sol. Here, on the sunny side of life... #ref:5856
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Currency Exchange
Caleta de V lez, 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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
Caleta de V lez, 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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 £49,824 more.
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