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For Sale: Investment opportunity, Alfarnatejo, Malaga
Alfarnatejo, Spain
REF: 826304
€420,000
Description
Attention entrepreneurs! Have you always dreamed of owning your own bar or opening a B&B in southern Spain? Here is the opportunity of a lifetime. We offer you this bar with adjoining detached house that will be sold as 1 unit. The bar is fully equipped with industrial kitchen and has a capacity of about 50 pers. The bar has an adjoining wet-room and 2 toilets. Above the bar there is a fully open space that can be converted to suit your needs. A flat e.g. The bar itself can be converted into another commercial space. The house next to the bar is offered together with the purchase. In this house there are 6 bedrooms on 3 floors and 2 bathrooms. There is also a kitchen and a lounge. This can be converted to rooms to rent out. With an entrepreneurial spirit, your dream will become a reality! 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:5753
Attention entrepreneurs! Have you always dreamed of owning your own bar or opening a B&B in southern Spain? Here is the opportunity of a lifetime. We offer you this bar with adjoining detached house that will be sold as 1 unit. The bar is fully equipped with industrial kitchen and has a capacity of about 50 pers. The bar has an adjoining wet-room and 2 toilets. Above the bar there is a fully open space that can be converted to suit your needs. A flat e.g. The bar itself can be converted into another commercial space. The house next to the bar is offered together with the purchase. In this house there are 6 bedrooms on 3 floors and 2 bathrooms. There is also a kitchen and a lounge. This can be converted to rooms to rent out. With an entrepreneurial spirit, your dream will become a reality! 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:5753
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Property on Map
Currency Exchange
Alfarnatejo, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £349,360 | £361,460 | £12,100 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £349,360 |
| Maximum cost in the last six months | £361,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,100 |
Alfarnatejo, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £349,360 | £361,460 | £12,100 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £349,360 |
| Maximum cost in the last six months | £361,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,100 |
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 £12,100 more.
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