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Completely refurbished in 2022, this residential building is located in a sought-after tourist area of Arenal, just 500 meters from the marina and the famous Playa de Palma
Arenal, Mallorca, Spain
REF: 910934
€2,250,000
Description
Completely refurbished in 2022, this residential building is located in a sought-after tourist area of Arenal, just 500 meters from the marina and the famous Playa de Palma. The beach promenade is one of the longest in Europe and offers numerous bars, restaurants and nightclubs. The airport can be reached in just 10 minutes by car, while the island's capital Palma is only 15 minutes away. The complex comprises four luxury apartments and four office units, which represent an excellent investment opportunity for investors interested in a stable real estate market in Mallorca. All apartments are fully furnished and equipped with high-quality designer furniture. Apartments: - Apartment A: 69 m on the second floor, 2 bedrooms, open plan living room with kitchen, 1 bathroom, balcony, laundry room. Currently rented for 1,500 per month. - Apartment B: Duplex with 118 m , spread over two floors, 2 bedrooms, 2 bathrooms, open living room with kitchen, 2 balconies, laundry room. Currently rented for 1,800 per month. - Apartment C: 67 m on the second floor, 2 bedrooms, 1 bathroom, open kitchen, laundry room, balcony. Currently rented for 1,500 per month. - Penthouse: 127 m with its own private roof terrace of 133 m . The building's own elevator provides direct access to the apartment and roof terrace. Currently rented for 2,900 per month. Office units: - Office no. 1: 26 m - Office no. 2: 20 m - Office no. 3: 20 m - Office no. 4: 23 m Equipment: The apartments are equipped with air conditioning (cold/warm), high-quality double glazing, ceramic tiled floors and a modern façade with high-quality insulation. All balconies and terraces have elegant glass railings. Conclusion: This property offers an attractive opportunity for investors looking to benefit from the consistently high demand for rental apartments and office units in this popular region Translated with DeepL.com (free version)
Completely refurbished in 2022, this residential building is located in a sought-after tourist area of Arenal, just 500 meters from the marina and the famous Playa de Palma. The beach promenade is one of the longest in Europe and offers numerous bars, restaurants and nightclubs. The airport can be reached in just 10 minutes by car, while the island's capital Palma is only 15 minutes away. The complex comprises four luxury apartments and four office units, which represent an excellent investment opportunity for investors interested in a stable real estate market in Mallorca. All apartments are fully furnished and equipped with high-quality designer furniture. Apartments: - Apartment A: 69 m on the second floor, 2 bedrooms, open plan living room with kitchen, 1 bathroom, balcony, laundry room. Currently rented for 1,500 per month. - Apartment B: Duplex with 118 m , spread over two floors, 2 bedrooms, 2 bathrooms, open living room with kitchen, 2 balconies, laundry room. Currently rented for 1,800 per month. - Apartment C: 67 m on the second floor, 2 bedrooms, 1 bathroom, open kitchen, laundry room, balcony. Currently rented for 1,500 per month. - Penthouse: 127 m with its own private roof terrace of 133 m . The building's own elevator provides direct access to the apartment and roof terrace. Currently rented for 2,900 per month. Office units: - Office no. 1: 26 m - Office no. 2: 20 m - Office no. 3: 20 m - Office no. 4: 23 m Equipment: The apartments are equipped with air conditioning (cold/warm), high-quality double glazing, ceramic tiled floors and a modern façade with high-quality insulation. All balconies and terraces have elegant glass railings. Conclusion: This property offers an attractive opportunity for investors looking to benefit from the consistently high demand for rental apartments and office units in this popular region Translated with DeepL.com (free version)
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Currency Exchange
Arenal, Mallorca, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
Arenal, Mallorca, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
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 £70,065 more.
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