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Investors dream A rare and unique opportunity to purchase as a package 2 triplex penthouses with panoramic sea views less than 300m from one of the best beaches on the coast, properties linked via the roof with a walkway and the icing on the cake is the current owners own the whole of the flat roo
Las Chapas (East Marbella), Málaga, Spain, 29604
REF: 936407
€2,300,000
Description
Investors dream A rare and unique opportunity to purchase as a package 2 triplex penthouses with panoramic sea views less than 300m from one of the best beaches on the coast, properties linked via the roof with a walkway
and the icing on the cake is the current owners own the whole of the flat roof for the entire building, half for each penthouse with developers rights to build on/above to create more apartments.
Each apartment has either room or has 5 bedrooms with the top floor opening out onto this vast roof area. one of which has a 16 person built jacuzzi
Both apartments are in good condition, the first has a separate studio on the top floor, whilst the other has made the top floor into a chill out lounge and bar area.
the real value to these properties are the ability to increase living accommodation/leisure areas on the roof subject to the local planning laws. Clearly stated in the deeds and on the note simple are developers rights which lasts until 2076.
apartment 1
open plan lounge kitchen diner, toilet
terrace
downstairs
3 en suite bedrooms
roof level
independent studio
roof terrace with irrigation
total build approx 300sm
total including terraces approx 700sm
apartment 2
lounge diner. separate kitchen
terrace
downstairs
3 bed 3 bath
steam room,
small gym area
top floor
bar, lounge area, bathroom
jacuzzi
this can be converted into additional bedrooms
approx build 330sm
total inc terraces 730sm
Penthouse Duplex, Carib Playa, Costa del Sol.
10 Bedrooms, 8 Bathrooms, Built 630 m , Terrace 1400 m .
Setting : Beachside, Close To Sea.
Orientation : South, South West.
Condition : Good.
Pool : Communal.
Climate Control : Air Conditioning.
Views : Sea, Mountain, Country.
Features : Covered Terrace, Lift, Fitted Wardrobes, Private Terrace, Guest Apartment, Storage Room, Utility Room, Ensuite Bathroom, Marble Flooring, Double Glazing.
Furniture : Part Furnished.
Kitchen : Fully Fitted.
Garden : Communal.
Parking : Garage.
Utilities : Electricity.
Category : Investment.
Investors dream A rare and unique opportunity to purchase as a package 2 triplex penthouses with panoramic sea views less than 300m from one of the best beaches on the coast, properties linked via the roof with a walkway
and the icing on the cake is the current owners own the whole of the flat roof for the entire building, half for each penthouse with developers rights to build on/above to create more apartments.
Each apartment has either room or has 5 bedrooms with the top floor opening out onto this vast roof area. one of which has a 16 person built jacuzzi
Both apartments are in good condition, the first has a separate studio on the top floor, whilst the other has made the top floor into a chill out lounge and bar area.
the real value to these properties are the ability to increase living accommodation/leisure areas on the roof subject to the local planning laws. Clearly stated in the deeds and on the note simple are developers rights which lasts until 2076.
apartment 1
open plan lounge kitchen diner, toilet
terrace
downstairs
3 en suite bedrooms
roof level
independent studio
roof terrace with irrigation
total build approx 300sm
total including terraces approx 700sm
apartment 2
lounge diner. separate kitchen
terrace
downstairs
3 bed 3 bath
steam room,
small gym area
top floor
bar, lounge area, bathroom
jacuzzi
this can be converted into additional bedrooms
approx build 330sm
total inc terraces 730sm
Penthouse Duplex, Carib Playa, Costa del Sol.
10 Bedrooms, 8 Bathrooms, Built 630 m , Terrace 1400 m .
Setting : Beachside, Close To Sea.
Orientation : South, South West.
Condition : Good.
Pool : Communal.
Climate Control : Air Conditioning.
Views : Sea, Mountain, Country.
Features : Covered Terrace, Lift, Fitted Wardrobes, Private Terrace, Guest Apartment, Storage Room, Utility Room, Ensuite Bathroom, Marble Flooring, Double Glazing.
Furniture : Part Furnished.
Kitchen : Fully Fitted.
Garden : Communal.
Parking : Garage.
Utilities : Electricity.
Category : Investment.
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Currency Exchange
Las Chapas (East Marbella), Málaga, Spain, 29604
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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,894,970 | £1,996,607 | £101,637 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,894,970 |
| Maximum cost in the last six months | £1,996,607 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £101,637 |
Las Chapas (East Marbella), Málaga, Spain, 29604
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 €2,300,000 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 |
|---|---|---|---|
| €2,300,000 | £1,894,970 | £1,996,607 | £101,637 |
| Property Price € | €2,300,000 |
| Minimum cost in the last six months | £1,894,970 |
| Maximum cost in the last six months | £1,996,607 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £101,637 |
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 £101,637 more.
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