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Commercial Building in City Center, Limassol
5687, Cyprus
REF: 642468
€6,000,000
Description
Reference ID: #SA28250Price details: 6,000,000Project is a six-story building erected during the late seventies with a more or less 40 meters faade on commercial street which is one the five main roads springing from the center point of the old city area connecting itto its surroundings in all direct ions.Located right in the center of Limassol with only a few minutes wa lking distance to all the Cyprus Technological University's facilities which are scatert into severa l location within the classical center of the town. Around building one can find doctors of all practices, chemists, health laboratories, dentists and pharmacists, also banks and further to the above all kinds of local and international fast-food establishments, casual dining and restaurants, bakeries and cafeterias, gyms and petrol station. Less than 100m away is the longest high street with more than 600 retail shops, kiosks, food stores, bookshops and copy centers as well as the local authorities central offices. The main police headcourters as well as many lawyers operate very close by. Of course, building is also situated right in the mix of all the cultural activities and entertainment with cinemas and theate rs,bars and music stages and dance schools. All the above and more provide the perfect and absolutely safe surroundings for the students or the visitors and provide the first excellent multiple opportunities for part time work.Its five floors above grand floor could easily be transformed into:Lucrative offices with high values and upscale rental feesA med center housing doctors from every medical specialization as well as medical laboratoriesA student's hall with modern apartments housed in the five floors above ground floor with the two basements and ground floor operating various services such as the reception, a cafeteria,a kiosk and mini market, an arcade, a bar, a small music stage and cinema combined, a laundry, a gym or any other activity or service on ca n find appropriate to host.A boutique business hotel right in the cities heartA Business Headcounters for any international, regional or local company
Reference ID: #SA28250Price details: 6,000,000Project is a six-story building erected during the late seventies with a more or less 40 meters faade on commercial street which is one the five main roads springing from the center point of the old city area connecting itto its surroundings in all direct ions.Located right in the center of Limassol with only a few minutes wa lking distance to all the Cyprus Technological University's facilities which are scatert into severa l location within the classical center of the town. Around building one can find doctors of all practices, chemists, health laboratories, dentists and pharmacists, also banks and further to the above all kinds of local and international fast-food establishments, casual dining and restaurants, bakeries and cafeterias, gyms and petrol station. Less than 100m away is the longest high street with more than 600 retail shops, kiosks, food stores, bookshops and copy centers as well as the local authorities central offices. The main police headcourters as well as many lawyers operate very close by. Of course, building is also situated right in the mix of all the cultural activities and entertainment with cinemas and theate rs,bars and music stages and dance schools. All the above and more provide the perfect and absolutely safe surroundings for the students or the visitors and provide the first excellent multiple opportunities for part time work.Its five floors above grand floor could easily be transformed into:Lucrative offices with high values and upscale rental feesA med center housing doctors from every medical specialization as well as medical laboratoriesA student's hall with modern apartments housed in the five floors above ground floor with the two basements and ground floor operating various services such as the reception, a cafeteria,a kiosk and mini market, an arcade, a bar, a small music stage and cinema combined, a laundry, a gym or any other activity or service on ca n find appropriate to host.A boutique business hotel right in the cities heartA Business Headcounters for any international, regional or local company
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Currency Exchange
5687, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,969,860 | £5,156,700 | £186,840 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,969,860 |
| Maximum cost in the last six months | £5,156,700 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £186,840 |
5687, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,969,860 | £5,156,700 | £186,840 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,969,860 |
| Maximum cost in the last six months | £5,156,700 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £186,840 |
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 £186,840 more.
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