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Traditional restaurant in the countryside of Menorca
Cala Galdana, Spain, 0775
REF: 900264
€1,065,000
Description
Traditional and renowned restaurant on the island located on the outskirts of Ferreries, towards the spectacular beach of Cala Galdana, located in the countryside and in an old rustic Menorcan finca. The restaurant has been in operation since 1973 and is a benchmark in the gastronomic world of Menorca for offering the best meats and rice dishes. In addition, it stands out for its traditional architecture and rustic style. The restaurant offers capacity for about a hundred diners, with a fully equipped professional kitchen, two indoor lounges, a bar area with tables and a semi-covered outdoor terrace with a pergola. Inside, it offers bathrooms for diners, three other rooms that are used as storage and a room for employees and a bathroom. Outside it offers a large parking area along with a garage and outdoor bathrooms. It has a wood-burning oven, barbecue and its own well. This is an excellent opportunity to acquire one of the most traditional and renowned restaurants on the island in Menorca. Shall we show it to them? In addition, there is the possibility to buy together with the adjoining finca which houses an imposing country house and more than 16,000 m2 of land. #ref:4162
Traditional and renowned restaurant on the island located on the outskirts of Ferreries, towards the spectacular beach of Cala Galdana, located in the countryside and in an old rustic Menorcan finca. The restaurant has been in operation since 1973 and is a benchmark in the gastronomic world of Menorca for offering the best meats and rice dishes. In addition, it stands out for its traditional architecture and rustic style. The restaurant offers capacity for about a hundred diners, with a fully equipped professional kitchen, two indoor lounges, a bar area with tables and a semi-covered outdoor terrace with a pergola. Inside, it offers bathrooms for diners, three other rooms that are used as storage and a room for employees and a bathroom. Outside it offers a large parking area along with a garage and outdoor bathrooms. It has a wood-burning oven, barbecue and its own well. This is an excellent opportunity to acquire one of the most traditional and renowned restaurants on the island in Menorca. Shall we show it to them? In addition, there is the possibility to buy together with the adjoining finca which houses an imposing country house and more than 16,000 m2 of land. #ref:4162
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Currency Exchange
Cala Galdana, Spain, 0775
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 €1,065,000 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 |
|---|---|---|---|
| €1,065,000 | £882,150 | £915,314 | £33,164 |
| Property Price € | €1,065,000 |
| Minimum cost in the last six months | £882,150 |
| Maximum cost in the last six months | £915,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,164 |
Cala Galdana, Spain, 0775
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 €1,065,000 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 |
|---|---|---|---|
| €1,065,000 | £882,150 | £915,314 | £33,164 |
| Property Price € | €1,065,000 |
| Minimum cost in the last six months | £882,150 |
| Maximum cost in the last six months | £915,314 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,164 |
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 £33,164 more.
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