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Listed building for sale in Santa Eulalia with a tourist license
Santa Eulalia, Spain
REF: 866802
€960,000
Description
A unique building with a conversion project into residential units, located in a very central and highly sought-after area of Hospitalet de Llobregat (Santa Eulalia), close to Sants Station and the City of Justice in Barcelona. It also has the potential to be converted into a hotel or a hostel. This historic building was originally used as an oil warehouse and later as a winery, designed by the renowned architect Julio Maria Fossas in 1911. The property, registered in the land registry in 1930, has a cadastral area of 531m2 on a plot of 308 m2. The current measurements reflected in the plans are as follows: - Ground floor: 317 m2 - First floor: 234 m2 - Basement/winery (not listed in the land registry): approximately 100 m2. The project includes the possibility of converting it into 4 tourist rental units with a license on the first floor and the option of changing the use to residential on the ground floor (the property has a right of light on the rear facade as per the deed). All of this is subject to certain volumetric, facade, and urban planning requirements set by the City Council. Space for the installation of an elevator is also planned. The building is sold in its current state, with a building permit granted for the change of use to 4 residential units and prior approval of a tourist license. A Basic Project for the change of use and Technical Compatibility Reports from the City Council and other documentation are available. This building has a project with great potential both for the area and for profitability possibilities (partially tourist rental and long-term rental). An average tourist occupancy rate of 81% is expected, offering an average annual return of 15-20%. #ref:CBES2311
A unique building with a conversion project into residential units, located in a very central and highly sought-after area of Hospitalet de Llobregat (Santa Eulalia), close to Sants Station and the City of Justice in Barcelona. It also has the potential to be converted into a hotel or a hostel. This historic building was originally used as an oil warehouse and later as a winery, designed by the renowned architect Julio Maria Fossas in 1911. The property, registered in the land registry in 1930, has a cadastral area of 531m2 on a plot of 308 m2. The current measurements reflected in the plans are as follows: - Ground floor: 317 m2 - First floor: 234 m2 - Basement/winery (not listed in the land registry): approximately 100 m2. The project includes the possibility of converting it into 4 tourist rental units with a license on the first floor and the option of changing the use to residential on the ground floor (the property has a right of light on the rear facade as per the deed). All of this is subject to certain volumetric, facade, and urban planning requirements set by the City Council. Space for the installation of an elevator is also planned. The building is sold in its current state, with a building permit granted for the change of use to 4 residential units and prior approval of a tourist license. A Basic Project for the change of use and Technical Compatibility Reports from the City Council and other documentation are available. This building has a project with great potential both for the area and for profitability possibilities (partially tourist rental and long-term rental). An average tourist occupancy rate of 81% is expected, offering an average annual return of 15-20%. #ref:CBES2311
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Currency Exchange
Santa Eulalia, 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 €960,000 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 |
|---|---|---|---|
| €960,000 | £798,605 | £826,195 | £27,590 |
| Property Price € | €960,000 |
| Minimum cost in the last six months | £798,605 |
| Maximum cost in the last six months | £826,195 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,590 |
Santa Eulalia, 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 €960,000 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 |
|---|---|---|---|
| €960,000 | £798,605 | £826,195 | £27,590 |
| Property Price € | €960,000 |
| Minimum cost in the last six months | £798,605 |
| Maximum cost in the last six months | £826,195 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,590 |
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 £27,590 more.
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