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Bar plus home in Cala'n Porter
Cala'n Porter, Spain, 0771
REF: 900294
€638,500
Description
COCKTAIL BAR PLUS HOUSE WITH POOL IN THE CENTRE OF MENORCA A very popular business open for 38 years as a local cocktail bar with a fixed clientele is sold. Located in the urbanisation of Calan Porter in a tourist place that has many bars, restaurants and hotels. It is the 1st cocktail bar in Menorca and has an excellent reputation among both islanders and tourists. Very good reviews on Tripadvisor, it is considered the number 1 in bars to visit in Calan Porter. The interior of the bar is 150 m2 and includes a wooden bar decorated Hawaiian style, 16 tables/booths and two large televisions. At the back, not accessible to the public, you can find a private equipped kitchen and a large storage room. Outside it has a large terrace with capacity for 150 people and a large stage that is currently used for karaoke and live music. Between the terrace and the indoor space there is a real pond that crosses a bridge, a very popular place for tourists to take photos. The terrace is surrounded by a beautiful garden with palm trees and flowers. There is also a private car park for guests next to the terrace. This property is being sold together with a house upstairs. The house also has 150 m2 and consists of kitchen, spacious living room with balcony, dining room, three bedrooms (one of them with dressing room), bathroom and two terraces (in one of which is the laundry room). Outside, not accessible to guests, there is a swimming pool, barbecue, relaxation area and enough space to park two cars. #ref:2653
COCKTAIL BAR PLUS HOUSE WITH POOL IN THE CENTRE OF MENORCA A very popular business open for 38 years as a local cocktail bar with a fixed clientele is sold. Located in the urbanisation of Calan Porter in a tourist place that has many bars, restaurants and hotels. It is the 1st cocktail bar in Menorca and has an excellent reputation among both islanders and tourists. Very good reviews on Tripadvisor, it is considered the number 1 in bars to visit in Calan Porter. The interior of the bar is 150 m2 and includes a wooden bar decorated Hawaiian style, 16 tables/booths and two large televisions. At the back, not accessible to the public, you can find a private equipped kitchen and a large storage room. Outside it has a large terrace with capacity for 150 people and a large stage that is currently used for karaoke and live music. Between the terrace and the indoor space there is a real pond that crosses a bridge, a very popular place for tourists to take photos. The terrace is surrounded by a beautiful garden with palm trees and flowers. There is also a private car park for guests next to the terrace. This property is being sold together with a house upstairs. The house also has 150 m2 and consists of kitchen, spacious living room with balcony, dining room, three bedrooms (one of them with dressing room), bathroom and two terraces (in one of which is the laundry room). Outside, not accessible to guests, there is a swimming pool, barbecue, relaxation area and enough space to park two cars. #ref:2653
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Currency Exchange
Cala'n Porter, Spain, 0771
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 €638,500 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 |
|---|---|---|---|
| €638,500 | £530,843 | £549,506 | £18,663 |
| Property Price € | €638,500 |
| Minimum cost in the last six months | £530,843 |
| Maximum cost in the last six months | £549,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,663 |
Cala'n Porter, Spain, 0771
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 €638,500 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 |
|---|---|---|---|
| €638,500 | £530,843 | £549,506 | £18,663 |
| Property Price € | €638,500 |
| Minimum cost in the last six months | £530,843 |
| Maximum cost in the last six months | £549,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,663 |
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 £18,663 more.
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