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Tourist in Mazotos, Larnaca
5585, Cyprus
REF: 642195
€20,000,000
Description
Reference ID: #SA29215Price details: 20,000,000The asset totals 87,823 sqm, falls under a touristic zone (?2e) arming it with three development alternatives , either tourist, residential or hotel development and benefits from road frontage of 130meters along the Meneou- Pervolia road. The asset has a polygonal shape, an even flat surface and a total frontage of approximately 360 meters along the sea shore.The asset is in close proximity to the national motorway.The subject property has a high development potential due to the adjacent residential developments, the proximity to the sea shore and Mazotos Municipality as well. The beachprotection zone is circa 720sqm?Mazotos is an agricultural community turned touristic.The immediate area of the subject asset consists of residential developments and empty plots which lie within touristic and agricultural zone. It encompasses recent residential developments proximate to the sea shore, with swimming pools and well kept gardens.The property will be developed into a beach detached villa project, including 3 / 4 / 5 / 6 and 9 bedrooms. Each villa has a garage, swimming pool, basement, attic, garden and roof garden. Management envisages that the project will include the following:A. 84 beach detached villas, in order to serve high-quality families around the world, have carefully designed six different styles of villas, including classic, exquisite, luxurious, Royal European style, Royal Mediterranean style and Imperial Chinese quadrangle villa, with an area of 163?, 282?, 486?, 525?, 641?, 880? and 960?.B. 1 super large club with an area of nearly 9000?, 22 one bedroom art studios, as well as high-end life service supporting facilities such as children's playground, herbal garden, public beach, central Park, activity / art exhibition area, etc.VILLAS - 6 TYPES OF VILLAS? 7 nine-bedroom villas|1 type? 7 six-bedroom villas|2 types? 14 five-bedroom villas|1 type?48 four-bedroom villas|1 type? 8 two-bedroom villas|1 typeTotal:84ART STUDIOS22 one-bedroom art studiosCLUBHOUSE AMENITIES? GF: restaurant, cafe, art gallerie, bar? Basement: Spa&Health center? 1F: restaurant, coffee bar, VIP Hall, famous brand store, jewelry store? 2F: Chinese restaurant, European restaurant, VIP private room, local restaurant? Roof: Rooftop bar and swimming pool with panoramic sea view
Reference ID: #SA29215Price details: 20,000,000The asset totals 87,823 sqm, falls under a touristic zone (?2e) arming it with three development alternatives , either tourist, residential or hotel development and benefits from road frontage of 130meters along the Meneou- Pervolia road. The asset has a polygonal shape, an even flat surface and a total frontage of approximately 360 meters along the sea shore.The asset is in close proximity to the national motorway.The subject property has a high development potential due to the adjacent residential developments, the proximity to the sea shore and Mazotos Municipality as well. The beachprotection zone is circa 720sqm?Mazotos is an agricultural community turned touristic.The immediate area of the subject asset consists of residential developments and empty plots which lie within touristic and agricultural zone. It encompasses recent residential developments proximate to the sea shore, with swimming pools and well kept gardens.The property will be developed into a beach detached villa project, including 3 / 4 / 5 / 6 and 9 bedrooms. Each villa has a garage, swimming pool, basement, attic, garden and roof garden. Management envisages that the project will include the following:A. 84 beach detached villas, in order to serve high-quality families around the world, have carefully designed six different styles of villas, including classic, exquisite, luxurious, Royal European style, Royal Mediterranean style and Imperial Chinese quadrangle villa, with an area of 163?, 282?, 486?, 525?, 641?, 880? and 960?.B. 1 super large club with an area of nearly 9000?, 22 one bedroom art studios, as well as high-end life service supporting facilities such as children's playground, herbal garden, public beach, central Park, activity / art exhibition area, etc.VILLAS - 6 TYPES OF VILLAS? 7 nine-bedroom villas|1 type? 7 six-bedroom villas|2 types? 14 five-bedroom villas|1 type?48 four-bedroom villas|1 type? 8 two-bedroom villas|1 typeTotal:84ART STUDIOS22 one-bedroom art studiosCLUBHOUSE AMENITIES? GF: restaurant, cafe, art gallerie, bar? Basement: Spa&Health center? 1F: restaurant, coffee bar, VIP Hall, famous brand store, jewelry store? 2F: Chinese restaurant, European restaurant, VIP private room, local restaurant? Roof: Rooftop bar and swimming pool with panoramic sea view
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Property on Map
Currency Exchange
5585, 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 €20,000,000 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 |
|---|---|---|---|
| €20,000,000 | £16,637,600 | £17,212,400 | £574,800 |
| Property Price € | €20,000,000 |
| Minimum cost in the last six months | £16,637,600 |
| Maximum cost in the last six months | £17,212,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £574,800 |
5585, 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 €20,000,000 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 |
|---|---|---|---|
| €20,000,000 | £16,637,600 | £17,212,400 | £574,800 |
| Property Price € | €20,000,000 |
| Minimum cost in the last six months | £16,637,600 |
| Maximum cost in the last six months | £17,212,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £574,800 |
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 £574,800 more.
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