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Commercial Building in Pallouriotissa, Nicosia
5702, Cyprus
REF: 642493
€2,660,000
Description
Reference ID: #SA27103Price details: 2,660,000The property concerns a two-storey industrial building located in Panagia quarter, Nicosia Municipality.The property used to house a printing factory and consists of a ground floor of c. 1,990sqm for use as a production and storage area, and a first floor (680sqm) for use as an office and auxiliary space.The immediate area of the asset is a fully developed area with numerous industrial buildings and warehouses as well as some factories, showrooms and offices of average to good quality.The asset benefits from easy access to all the areas of Nicosia via John Kennedy and Andrea Zakou Avenues. The Sopaz industrial area is the closest industrial area to Nicosia city centre.The area is characterised as Special zone area as per the latest Nicosia Local Plan, allowing for commercial use such as. showrooms, galleries, DIY, hypermarkets, cinemas, student halls etc.
Reference ID: #SA27103Price details: 2,660,000The property concerns a two-storey industrial building located in Panagia quarter, Nicosia Municipality.The property used to house a printing factory and consists of a ground floor of c. 1,990sqm for use as a production and storage area, and a first floor (680sqm) for use as an office and auxiliary space.The immediate area of the asset is a fully developed area with numerous industrial buildings and warehouses as well as some factories, showrooms and offices of average to good quality.The asset benefits from easy access to all the areas of Nicosia via John Kennedy and Andrea Zakou Avenues. The Sopaz industrial area is the closest industrial area to Nicosia city centre.The area is characterised as Special zone area as per the latest Nicosia Local Plan, allowing for commercial use such as. showrooms, galleries, DIY, hypermarkets, cinemas, student halls etc.
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Currency Exchange
5702, 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 €2,660,000 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 |
|---|---|---|---|
| €2,660,000 | £2,203,305 | £2,286,137 | £82,832 |
| Property Price € | €2,660,000 |
| Minimum cost in the last six months | £2,203,305 |
| Maximum cost in the last six months | £2,286,137 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £82,832 |
5702, 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 €2,660,000 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 |
|---|---|---|---|
| €2,660,000 | £2,203,305 | £2,286,137 | £82,832 |
| Property Price € | €2,660,000 |
| Minimum cost in the last six months | £2,203,305 |
| Maximum cost in the last six months | £2,286,137 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £82,832 |
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 £82,832 more.
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