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A four level modern building, erected on an individual plot with existing separate title deed
Pano Paphos - Up Town, Paphos, Cyprus
REF: 115893
€2,200,000
Description
A four level modern building, erected on an individual plot with existing separate title deed. The property is serviced with an elevator and an abundance of parking spaces all around the plot. The plot area: 629m . Total rentable area 969m Situated just off the central roundabout of the Debenhams Mall and 200 meters from the main highway system that connects all cities, airports and ports. 1 minute from Debenhams Mall 1 minute from Plus supermarket 3 minute from General Hospital 0 minutes from Private Hospital 1 minute from Sports Stadium 3 minutes from Government Offices and Courts 10 minutes from the Paphos International Airport Ground floor shops are currently leased to a kitchen manufacturer for the last four years and consists of seven individual shops presently in an open plan configuration, with high ceilings and also includes a mezzanine level with a combined total of 468m The first floor office space is currently leased to a construction and development company for the last several years. The total covered area, including a 24m covered balcony, is 303m . The second floor office space is currently leased to a world leading UK international tour operator for the last several years. This space has a covered area of 198m , plus an extra 80m of open air balconies. Guaranteed rental income for 3 years at 5%
A four level modern building, erected on an individual plot with existing separate title deed. The property is serviced with an elevator and an abundance of parking spaces all around the plot. The plot area: 629m . Total rentable area 969m Situated just off the central roundabout of the Debenhams Mall and 200 meters from the main highway system that connects all cities, airports and ports. 1 minute from Debenhams Mall 1 minute from Plus supermarket 3 minute from General Hospital 0 minutes from Private Hospital 1 minute from Sports Stadium 3 minutes from Government Offices and Courts 10 minutes from the Paphos International Airport Ground floor shops are currently leased to a kitchen manufacturer for the last four years and consists of seven individual shops presently in an open plan configuration, with high ceilings and also includes a mezzanine level with a combined total of 468m The first floor office space is currently leased to a construction and development company for the last several years. The total covered area, including a 24m covered balcony, is 303m . The second floor office space is currently leased to a world leading UK international tour operator for the last several years. This space has a covered area of 198m , plus an extra 80m of open air balconies. Guaranteed rental income for 3 years at 5%
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Currency Exchange
Pano Paphos - Up Town, Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,830,136 | £1,893,364 | £63,228 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,830,136 |
| Maximum cost in the last six months | £1,893,364 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,228 |
Pano Paphos - Up Town, Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,830,136 | £1,893,364 | £63,228 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,830,136 |
| Maximum cost in the last six months | £1,893,364 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,228 |
The exchange rate on the day you make an offer on your property in Cyprus 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 £63,228 more.
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