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For sale: Project to turn into a B&B - Your Dream Opportunity on the Costa del Sol
Camino Algarrobo - Las Arenas, Spain
REF: 910375
€695,000
Description
Set on a sprawling 8,000 m private plot, this exceptional property offers endless possibilities for those with vision and ambition. With multiple buildings and the potential to develop up to 13 apartments, this is a rare opportunity to create something truly special in one of Spain's most desirable regions. Currently, two apartments have been fully renovated and are move-in ready, providing a glimpse into the incredible potential of this estate. Whether you envision a charming bed & breakfast, a holiday rental business, long-term rental units, or a bespoke private retreat, this property offers the perfect canvas for your plans. The outdoor spaces are a true highlight: a lush garden adorned with stately palm trees, inviting terraces, and a sparkling pool create the perfect setting for relaxation and entertainment. Additionally, the property features a large parking area, ensuring convenience for guests or residents. Equipped with solar panels, the estate supports sustainable living while offering room for renovations and upgrades to align with your style and needs. The balance between existing infrastructure and untapped potential makes this property ideal for creating a unique project that stands out. Situated in a peaceful and private location, the property is just minutes from the vibrant town of V lez-M laga. Here, you'll find a perfect mix of amenities, cultural experiences, and proximity to the stunning beaches of the Costa del Sol. This is more than just a property; it's an opportunity to bring your vision to life. Don't miss the chance to create something extraordinary. Contact us today to arrange a viewing and discover the possibilities! We are pleased to be able to present this dream property to you soon, either personally or via virtual viewing. Because this world is unique - just like our Axarqu a. In Andalusia. On the Costa del Sol. Here, on the sunny side of life... #ref:B6081
Set on a sprawling 8,000 m private plot, this exceptional property offers endless possibilities for those with vision and ambition. With multiple buildings and the potential to develop up to 13 apartments, this is a rare opportunity to create something truly special in one of Spain's most desirable regions. Currently, two apartments have been fully renovated and are move-in ready, providing a glimpse into the incredible potential of this estate. Whether you envision a charming bed & breakfast, a holiday rental business, long-term rental units, or a bespoke private retreat, this property offers the perfect canvas for your plans. The outdoor spaces are a true highlight: a lush garden adorned with stately palm trees, inviting terraces, and a sparkling pool create the perfect setting for relaxation and entertainment. Additionally, the property features a large parking area, ensuring convenience for guests or residents. Equipped with solar panels, the estate supports sustainable living while offering room for renovations and upgrades to align with your style and needs. The balance between existing infrastructure and untapped potential makes this property ideal for creating a unique project that stands out. Situated in a peaceful and private location, the property is just minutes from the vibrant town of V lez-M laga. Here, you'll find a perfect mix of amenities, cultural experiences, and proximity to the stunning beaches of the Costa del Sol. This is more than just a property; it's an opportunity to bring your vision to life. Don't miss the chance to create something extraordinary. Contact us today to arrange a viewing and discover the possibilities! We are pleased to be able to present this dream property to you soon, either personally or via virtual viewing. Because this world is unique - just like our Axarqu a. In Andalusia. On the Costa del Sol. Here, on the sunny side of life... #ref:B6081
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Currency Exchange
Camino Algarrobo - Las Arenas, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
Camino Algarrobo - Las Arenas, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
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 £21,642 more.
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