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Commercial in Strovolos, Nicosia
5709, Cyprus
REF: 642490
€730,000
Description
Reference ID: #SA27119Price details: 730,000 +VATCorner commercial plot in a lively and popular location in Agios Demetrios quarter of Strovolos Municipality. The property is ideally situated close to an abundance of amenities and services such as supermarkets, restaurants, schools, cafes etc. In addition, it enjoys excellent accessibility to the Nicosia city center while the Makarios Hospital is only a short drive away. The vicinity of the property designates an increased demand for properties due to its attractiveness and accessibility.The plot has a regular shape and a level surface. It has an extensive road frontage along its southwest boundary with total frontage of approximate 47 meters. It is noted that the property is subject to compulsory acquisition of an area of 107 sqm (approx.). The large frontage of the property onto two public roads is considered as an advantage. The plot is suitable for the development of a commercial or mixed-use building.It is considered as an appealing opportunity for a land developer or an individual.It is noted that the property is currently occupied.
Reference ID: #SA27119Price details: 730,000 +VATCorner commercial plot in a lively and popular location in Agios Demetrios quarter of Strovolos Municipality. The property is ideally situated close to an abundance of amenities and services such as supermarkets, restaurants, schools, cafes etc. In addition, it enjoys excellent accessibility to the Nicosia city center while the Makarios Hospital is only a short drive away. The vicinity of the property designates an increased demand for properties due to its attractiveness and accessibility.The plot has a regular shape and a level surface. It has an extensive road frontage along its southwest boundary with total frontage of approximate 47 meters. It is noted that the property is subject to compulsory acquisition of an area of 107 sqm (approx.). The large frontage of the property onto two public roads is considered as an advantage. The plot is suitable for the development of a commercial or mixed-use building.It is considered as an appealing opportunity for a land developer or an individual.It is noted that the property is currently occupied.
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Currency Exchange
5709, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £607,272 | £628,253 | £20,980 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £607,272 |
| Maximum cost in the last six months | £628,253 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,980 |
5709, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £607,272 | £628,253 | £20,980 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £607,272 |
| Maximum cost in the last six months | £628,253 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,980 |
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 £20,980 more.
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