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Spectacular house in one of the most emblematic streets of Mahon
Mah n, Spain
REF: 871917
€1,200,000
Description
Spectacular and spacious house with terrace distributed over four floors and a vaulted cellar. Currently the ground floor, the first and the cellar are used as business premises, a well-known art gallery. The rest of the property is a residence distributed with a kitchen on the first floor with external staircase to the patio, and living room and three bedrooms with a bathroom on the second floor . On the fourth floor we find the attic rooms, in excellent condition, set up as a painting studio: From the fourth floor we access a terrace on the terrace with unobstructed views of Mahon, there is also a traditional watch tower, many years ago these were used by the merchants to control the ships entering the harbour..... The house has seen several renovations, over the years but maintains many of its original features and is in excellent condition for its continuous use and offers a range of possibilities from family main house, making a horizontal division with two homes, and business or as a business and housing as used now.... #ref:H3294
Spectacular and spacious house with terrace distributed over four floors and a vaulted cellar. Currently the ground floor, the first and the cellar are used as business premises, a well-known art gallery. The rest of the property is a residence distributed with a kitchen on the first floor with external staircase to the patio, and living room and three bedrooms with a bathroom on the second floor . On the fourth floor we find the attic rooms, in excellent condition, set up as a painting studio: From the fourth floor we access a terrace on the terrace with unobstructed views of Mahon, there is also a traditional watch tower, many years ago these were used by the merchants to control the ships entering the harbour..... The house has seen several renovations, over the years but maintains many of its original features and is in excellent condition for its continuous use and offers a range of possibilities from family main house, making a horizontal division with two homes, and business or as a business and housing as used now.... #ref:H3294
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Currency Exchange
Mah n, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
Mah n, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
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 £37,368 more.
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