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House with project to convert into a hotel
Es Castell, Spain
REF: 900233
€395,000
Description
Allow us to present you with an exceptional opportunity in the heart of the charming village of Es Castell. This house, located in one of the most central streets, has a project, and is ready to be converted into a boutique hotel with 5 ensuite bedrooms and a bar/cafeteria/restaurant. With a project already established and permits in place, this historic building offers the possibility of converting an authentic Menorcan house into an elegant hotel, while maintaining its original character and adding modern amenities. In addition, there is the option of keeping it as a single-family home or transforming it into several apartments, depending on the preferences of the new owner. The property, currently spread over 2 floors with a pretty interior courtyard and spacious cellar, retains original elements such as the stunning floor tiles and stucco walls, which add character and authenticity to the space. Boasting a prime location in the town centre, just 3 minutes from Cales Fonts, this property offers a perfect blend of convenience and traditional charm, making it an ideal investment for those looking to enter the thriving hotel market or to create their own oasis in Menorca. #ref:4718
Allow us to present you with an exceptional opportunity in the heart of the charming village of Es Castell. This house, located in one of the most central streets, has a project, and is ready to be converted into a boutique hotel with 5 ensuite bedrooms and a bar/cafeteria/restaurant. With a project already established and permits in place, this historic building offers the possibility of converting an authentic Menorcan house into an elegant hotel, while maintaining its original character and adding modern amenities. In addition, there is the option of keeping it as a single-family home or transforming it into several apartments, depending on the preferences of the new owner. The property, currently spread over 2 floors with a pretty interior courtyard and spacious cellar, retains original elements such as the stunning floor tiles and stucco walls, which add character and authenticity to the space. Boasting a prime location in the town centre, just 3 minutes from Cales Fonts, this property offers a perfect blend of convenience and traditional charm, making it an ideal investment for those looking to enter the thriving hotel market or to create their own oasis in Menorca. #ref:4718
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Property on Map
Currency Exchange
Es Castell, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £328,593 | £339,945 | £11,352 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £328,593 |
| Maximum cost in the last six months | £339,945 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,352 |
Es Castell, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £328,593 | £339,945 | £11,352 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £328,593 |
| Maximum cost in the last six months | £339,945 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,352 |
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 £11,352 more.
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