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Sale, Commercial Local, Torrox Costa, Malaga, Andalucia
Torrox Pueblo, Spain
REF: 826210
€985,000
Description
Fantastic commercial premises of 1000m2 located in the town of Torrox Costa. At the moment it is a hardware store. The transfer of the business can be done directly. The value of the merchandise inside can be negotiated with the owner. In front of the business, several residential buildings that are not licensed for commercial premises are being built, so this is a good time to invest in a booming area. If you would like more information, please contact us. #ref:5004
Fantastic commercial premises of 1000m2 located in the town of Torrox Costa. At the moment it is a hardware store. The transfer of the business can be done directly. The value of the merchandise inside can be negotiated with the owner. In front of the business, several residential buildings that are not licensed for commercial premises are being built, so this is a good time to invest in a booming area. If you would like more information, please contact us. #ref:5004
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Currency Exchange
Torrox Pueblo, 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 €985,000 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 |
|---|---|---|---|
| €985,000 | £815,885 | £846,558 | £30,673 |
| Property Price € | €985,000 |
| Minimum cost in the last six months | £815,885 |
| Maximum cost in the last six months | £846,558 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,673 |
Torrox Pueblo, 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 €985,000 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 |
|---|---|---|---|
| €985,000 | £815,885 | £846,558 | £30,673 |
| Property Price € | €985,000 |
| Minimum cost in the last six months | £815,885 |
| Maximum cost in the last six months | £846,558 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,673 |
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 £30,673 more.
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