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Commercial Building in Strovolos, Nicosia
5709, Cyprus
REF: 642492
€2,500,000
Description
Reference ID: #SA27104Price details: 2,500,000 +VATThis asset is an incomplete commercial building and the adjoining a piece of land in Strovolos, Nicosia.The asset comprises of a ground floor showroom of 319sqm with a 159sqm mezzanine, two office floors of 382sqm each, a third floor apartment of 195sqm and a two level basement of 1457sqm. The undeveloped piece of land has an area of c. 1240sqm. The shop has a large storefront and can accommodate many retail uses.The immediate area comprises of residential developments as well as commercial developments along Kantaras Avenue. The asset enjoys great accessibility due to its proximity to the Nicosia peripheral road.The asset falls within two planning zones:- E 5 with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.- Ka5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
Reference ID: #SA27104Price details: 2,500,000 +VATThis asset is an incomplete commercial building and the adjoining a piece of land in Strovolos, Nicosia.The asset comprises of a ground floor showroom of 319sqm with a 159sqm mezzanine, two office floors of 382sqm each, a third floor apartment of 195sqm and a two level basement of 1457sqm. The undeveloped piece of land has an area of c. 1240sqm. The shop has a large storefront and can accommodate many retail uses.The immediate area comprises of residential developments as well as commercial developments along Kantaras Avenue. The asset enjoys great accessibility due to its proximity to the Nicosia peripheral road.The asset falls within two planning zones:- E 5 with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.- Ka5 with building density coefficient of 100%, coverage coefficient 50%, in 3 floors and a maximum height of 13,5m.
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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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,079,700 | £2,151,550 | £71,850 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,079,700 |
| Maximum cost in the last six months | £2,151,550 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £71,850 |
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 £71,850 more.
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