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Restaurant in Polis
Polis, Paphos, Cyprus
REF: 356835
€360,000
Description
Fantastic investment opportunity Restaurant in Polis Square Here is a wonderful opportunity to invest in a spacious restaurant/tavern in the middle of Polis Square. Polis is a town on the north western coast of Cyprus serving a catchment area which stretches from Neo Chorio and the Akamas National Park in the west to the more traditional towns and villages to the east. Regular trips are organised to bring tourists from Paphos to Polis in order to experience traditional Cyprus living. Polis square is renowned for its quaint cobbled streets, family run businesses, traditional appearance and vibrant atmosphere. Rightly described as the hub of the town it is the first place that both visitors and residents congregate on a regular basis. Whether one wishes to browse the goods on display in the fine arts shop, have a snack or meal at the quirky Arts Caf or simply visit the Post Office there is something here for everyone. The main supermarket is 5 minutes walk away as are the banks, the mobile communications centre, computer shops and electricity board, so once the locals have completed their daily chores they gravitate to the village square. In addition to all this, the upmarket fishing marina in Latchi, world famous for its exciting aqua sports and crystal clear waters, is only 5 minutes from here and attracts travellers from all over the world. The restaurant itself benefits from a huge patio featuring numerous lime trees and a traditional Kleftico oven which offers the most amazing views to the west over the Akamas National Park. What a place to enjoy sampling the wonderful Cyprus food washed down by a glass of chilled locally produced Cyprus wine whilst watching the spectacular sunsets at the end of another sultry summers day. The main body can be accessed via one of two doors. Firstly from the main road and secondly from the patio where can be found the ladies and gents conveniences and a very generously sized store room. The interior of the restaurant is of very generous proportions including a large bar area lounge and behind that is the superbly equipped kitchen. Next to the kitchen is a very handily placed utility room ideal for extra storage. This is a superb investment opportunity for the proactive entrepreneur being marketed at a highly competitive price.
Fantastic investment opportunity Restaurant in Polis Square Here is a wonderful opportunity to invest in a spacious restaurant/tavern in the middle of Polis Square. Polis is a town on the north western coast of Cyprus serving a catchment area which stretches from Neo Chorio and the Akamas National Park in the west to the more traditional towns and villages to the east. Regular trips are organised to bring tourists from Paphos to Polis in order to experience traditional Cyprus living. Polis square is renowned for its quaint cobbled streets, family run businesses, traditional appearance and vibrant atmosphere. Rightly described as the hub of the town it is the first place that both visitors and residents congregate on a regular basis. Whether one wishes to browse the goods on display in the fine arts shop, have a snack or meal at the quirky Arts Caf or simply visit the Post Office there is something here for everyone. The main supermarket is 5 minutes walk away as are the banks, the mobile communications centre, computer shops and electricity board, so once the locals have completed their daily chores they gravitate to the village square. In addition to all this, the upmarket fishing marina in Latchi, world famous for its exciting aqua sports and crystal clear waters, is only 5 minutes from here and attracts travellers from all over the world. The restaurant itself benefits from a huge patio featuring numerous lime trees and a traditional Kleftico oven which offers the most amazing views to the west over the Akamas National Park. What a place to enjoy sampling the wonderful Cyprus food washed down by a glass of chilled locally produced Cyprus wine whilst watching the spectacular sunsets at the end of another sultry summers day. The main body can be accessed via one of two doors. Firstly from the main road and secondly from the patio where can be found the ladies and gents conveniences and a very generously sized store room. The interior of the restaurant is of very generous proportions including a large bar area lounge and behind that is the superbly equipped kitchen. Next to the kitchen is a very handily placed utility room ideal for extra storage. This is a superb investment opportunity for the proactive entrepreneur being marketed at a highly competitive price.
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Currency Exchange
Polis, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £298,192 | £309,402 | £11,210 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £298,192 |
| Maximum cost in the last six months | £309,402 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,210 |
Polis, 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 €360,000 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 |
|---|---|---|---|
| €360,000 | £298,192 | £309,402 | £11,210 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £298,192 |
| Maximum cost in the last six months | £309,402 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,210 |
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 £11,210 more.
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