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Investment Opportunity in the Centre of Pineda de Mar: Plot with Existing Property
Pineda de Mar, Spain
REF: 860852
€680,000
Description
This is a unique opportunity for investors in the heart of Pineda de Mar, a privileged location next to the Town Hall and all services, only 450 meters from the beach and the train station. For sale a plot of 517 square meters, currently with a property of 560 square meters built on 2 floors.~~This property is ideal for investors due to its large plot and the characteristics of the property. There is the possibility of demolishing the existing house and building houses in 2 separate blocks (one with entrance from Ciudatans street and the other with entrance from Carreró de la Plaça street), which would allow the construction of up to 12 houses.~~Currently, the house has 5 bedrooms (4 doubles), 4 bathrooms, a large living-dining room with wood-burning fireplace and direct access to the garden with swimming pool, a kitchen-diner and a garage for 5 cars, among other amenities. Furthermore, on the upper floor there is a flat with independent access, while on the ground floor there is an independent shop of approximately 50 square metres which is currently used as a fruit shop.~~This property offers a great opportunity to develop a real estate project in a privileged location, making the most of the available space and investment potential in the thriving town of Pineda de Mar.~~The price does not include taxes and rates. The ITP must be added to the purchase in second hand properties, in new construction properties the VAT and AJD and in both cases the notary and registry fees.~The price of the offer can be modified or cancelled without prior notice. All data presented are purely indicative.~
This is a unique opportunity for investors in the heart of Pineda de Mar, a privileged location next to the Town Hall and all services, only 450 meters from the beach and the train station. For sale a plot of 517 square meters, currently with a property of 560 square meters built on 2 floors.~~This property is ideal for investors due to its large plot and the characteristics of the property. There is the possibility of demolishing the existing house and building houses in 2 separate blocks (one with entrance from Ciudatans street and the other with entrance from Carreró de la Plaça street), which would allow the construction of up to 12 houses.~~Currently, the house has 5 bedrooms (4 doubles), 4 bathrooms, a large living-dining room with wood-burning fireplace and direct access to the garden with swimming pool, a kitchen-diner and a garage for 5 cars, among other amenities. Furthermore, on the upper floor there is a flat with independent access, while on the ground floor there is an independent shop of approximately 50 square metres which is currently used as a fruit shop.~~This property offers a great opportunity to develop a real estate project in a privileged location, making the most of the available space and investment potential in the thriving town of Pineda de Mar.~~The price does not include taxes and rates. The ITP must be added to the purchase in second hand properties, in new construction properties the VAT and AJD and in both cases the notary and registry fees.~The price of the offer can be modified or cancelled without prior notice. All data presented are purely indicative.~
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Property on Map
Currency Exchange
Pineda de Mar, 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 €680,000 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 |
|---|---|---|---|
| €680,000 | £563,251 | £584,426 | £21,175 |
| Property Price € | €680,000 |
| Minimum cost in the last six months | £563,251 |
| Maximum cost in the last six months | £584,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,175 |
Pineda de Mar, 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 €680,000 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 |
|---|---|---|---|
| €680,000 | £563,251 | £584,426 | £21,175 |
| Property Price € | €680,000 |
| Minimum cost in the last six months | £563,251 |
| Maximum cost in the last six months | £584,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,175 |
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 £21,175 more.
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