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Building with a profitability of more than 6% available for investors
Ondara, ALICANTE, Spain, 03760
REF: 884358
€850,000
Description
Building with a profitability of more than 6% available for investors. With five apartments (three with three bedrooms and two with two bedrooms), three storage rooms on the roof and two commercial premises occupying the ground floor, all of them rented with long-term contracts and proven solvency. Low maintenance costs.~~With the high demand for long-term rental homes and the low supply of the same, this type of investment is becoming increasingly safe and stable against possible fluctuations in temporary or holiday rentals and the uncertainty of these in the medium term. If a tenant leaves one of the apartments, there will always be a long list of very solvent potential tenants to take over.~~With an income of more than 50,000 per year, this is a safe and long-term investment, practically guaranteed.~~Ondara is a municipality located in the north of the province of Alicante, less than 10 kilometres from Dénia and beaches, with a large shopping and leisure centre. It is now becoming a real option as a city in which to settle for families living in the surrounding area.~
Building with a profitability of more than 6% available for investors. With five apartments (three with three bedrooms and two with two bedrooms), three storage rooms on the roof and two commercial premises occupying the ground floor, all of them rented with long-term contracts and proven solvency. Low maintenance costs.~~With the high demand for long-term rental homes and the low supply of the same, this type of investment is becoming increasingly safe and stable against possible fluctuations in temporary or holiday rentals and the uncertainty of these in the medium term. If a tenant leaves one of the apartments, there will always be a long list of very solvent potential tenants to take over.~~With an income of more than 50,000 per year, this is a safe and long-term investment, practically guaranteed.~~Ondara is a municipality located in the north of the province of Alicante, less than 10 kilometres from Dénia and beaches, with a large shopping and leisure centre. It is now becoming a real option as a city in which to settle for families living in the surrounding area.~
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Currency Exchange
Ondara, ALICANTE, Spain, 03760
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £707,098 | £731,527 | £24,429 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £707,098 |
| Maximum cost in the last six months | £731,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,429 |
Ondara, ALICANTE, Spain, 03760
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £707,098 | £731,527 | £24,429 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £707,098 |
| Maximum cost in the last six months | £731,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,429 |
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 £24,429 more.
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