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Unique investment opportunity with immediate profit effect and high ROI
Agios Nektarios, Limassol, Cyprus
REF: 610838
€1,250,000
Description
Unique investment opportunity with immediate profit effect and high ROI. 2 Title deeds issued. 2 WiFi high speed connections with Cablenet. 3 independent EAC (electricity) connections for the shop, 1st floor and 2nd floor. New plumbing and electricity provisions. New installation of sound proof and UV protection windows with mosquito nets, high quality tiles , 10 brand new inverter AC units. New kitchen appliances: kitchen counter tops, sinks, taps, 2 fridges and dishwasher. New toilet appliances: counter tops sinks, shower and toilets. New lighting inside and outside. New remote access panel for the reception management. The total area is 408m2, located on the land of 204m2, offers 2 floors & a shop with 12 offices/rooms in total.The property can be used as an office or clinic. The location is very busy 24/7 all year around. The building offers facilities such as 2 kitchens, 3 bathrooms, server room area, reception area on each floor, shop and 4 verandas. 1st floor:1) A shop with 2 rooms, kitchen and toilet, with separate entrance, facing the main street (approx. 60m2 covered area)2) An office/apartment with separate entrance, 4 rooms, reception, kitchen, bathroom, 2 verandas, corridors (approx. 100m2 covered area)3) Verandas of approx. 30m2 2nd floor:1) An office/apartment with separate entrance, 6 rooms, reception, kitchen, bathroom, toilet, 2 verandas, corridors, server area. (approx. 140m2)2) Verandas of approx. 20m2 Technical details: Urban Zone: Pa4 Maximum Building Factor: 240% Maximum Coverage Factor: 70% Maximum Number of Floors: 4 Maximum Height (meters): 13.1 meters.The property is owned by a holding company, so the new owner can purchase the shares of the company (and avoid paying transfer fees in the Land Registry) instead of buying the property. Initial Price: 1.450.000NOW: 1.250.000
Unique investment opportunity with immediate profit effect and high ROI. 2 Title deeds issued. 2 WiFi high speed connections with Cablenet. 3 independent EAC (electricity) connections for the shop, 1st floor and 2nd floor. New plumbing and electricity provisions. New installation of sound proof and UV protection windows with mosquito nets, high quality tiles , 10 brand new inverter AC units. New kitchen appliances: kitchen counter tops, sinks, taps, 2 fridges and dishwasher. New toilet appliances: counter tops sinks, shower and toilets. New lighting inside and outside. New remote access panel for the reception management. The total area is 408m2, located on the land of 204m2, offers 2 floors & a shop with 12 offices/rooms in total.The property can be used as an office or clinic. The location is very busy 24/7 all year around. The building offers facilities such as 2 kitchens, 3 bathrooms, server room area, reception area on each floor, shop and 4 verandas. 1st floor:1) A shop with 2 rooms, kitchen and toilet, with separate entrance, facing the main street (approx. 60m2 covered area)2) An office/apartment with separate entrance, 4 rooms, reception, kitchen, bathroom, 2 verandas, corridors (approx. 100m2 covered area)3) Verandas of approx. 30m2 2nd floor:1) An office/apartment with separate entrance, 6 rooms, reception, kitchen, bathroom, toilet, 2 verandas, corridors, server area. (approx. 140m2)2) Verandas of approx. 20m2 Technical details: Urban Zone: Pa4 Maximum Building Factor: 240% Maximum Coverage Factor: 70% Maximum Number of Floors: 4 Maximum Height (meters): 13.1 meters.The property is owned by a holding company, so the new owner can purchase the shares of the company (and avoid paying transfer fees in the Land Registry) instead of buying the property. Initial Price: 1.450.000NOW: 1.250.000
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Currency Exchange
Agios Nektarios, Limassol, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,074,313 | £44,438 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,438 |
Agios Nektarios, Limassol, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,074,313 | £44,438 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,438 |
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 £44,438 more.
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