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This luxury estate has a construction area of 1,586 m2 and a fenced plot of 22,420 m2, within an area of 220,000 m2
Penàguila, Alicante , Spain
REF: 850554
€2,300,000
Description
This luxury estate has a construction area of 1,586 m2 and a fenced plot of 22,420 m2, within an area of 220,000 m2. The Finca / Villa is situated in a rural setting, the privilege, only 35 minutes from the beaches. Perfect for a kind of yoga retreat: health. Currently there are 6 bedrooms, 8 bathrooms, a large garage for several cars, a large terrace, a guest house, a storage room, a spectacular swimming pool and a garden, plus a tennis court. The house is spread over two floors fully equipped and with the possibility of extension of the corresponding buildings, ideal to turn into an exclusive country hotel. The garage can accommodate about 10 cars. It would also become a centre of health / well-being. There is a large modern kitchen-luxury rooms and bathrooms, all made of high quality materials, with air conditioning and a great swimming pool with stunning views. The property is in the process of obtaining the permits needed to become a rural hotel. It can also be adapted to offer various additional services such as a spa or wellness centre, entertainment, weddings, business meetings or other events. In addition, it can be expanded with additional 10 rooms, for a total of 17 rooms. There is currently a production of olive trees on the property for additional income.
This luxury estate has a construction area of 1,586 m2 and a fenced plot of 22,420 m2, within an area of 220,000 m2. The Finca / Villa is situated in a rural setting, the privilege, only 35 minutes from the beaches. Perfect for a kind of yoga retreat: health. Currently there are 6 bedrooms, 8 bathrooms, a large garage for several cars, a large terrace, a guest house, a storage room, a spectacular swimming pool and a garden, plus a tennis court. The house is spread over two floors fully equipped and with the possibility of extension of the corresponding buildings, ideal to turn into an exclusive country hotel. The garage can accommodate about 10 cars. It would also become a centre of health / well-being. There is a large modern kitchen-luxury rooms and bathrooms, all made of high quality materials, with air conditioning and a great swimming pool with stunning views. The property is in the process of obtaining the permits needed to become a rural hotel. It can also be adapted to offer various additional services such as a spa or wellness centre, entertainment, weddings, business meetings or other events. In addition, it can be expanded with additional 10 rooms, for a total of 17 rooms. There is currently a production of olive trees on the property for additional income.
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Currency Exchange
Penàguila, Alicante , 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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,913,324 | £1,979,426 | £66,102 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,913,324 |
| Maximum cost in the last six months | £1,979,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £66,102 |
Penàguila, Alicante , 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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,913,324 | £1,979,426 | £66,102 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,913,324 |
| Maximum cost in the last six months | £1,979,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £66,102 |
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 £66,102 more.
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