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Commercial Warehouse in Aradippou, Larnaca
5408, Cyprus
REF: 642502
€4,600,000
Description
Reference ID: #SA27094Price details: 4,600,000This asset consists of three warehouses in Aradippou, within the Aradippou (Kalo Chorio) industrial area in proximity to the A3 motorway and the international airport.The asset has a total build area 4,859sqm that comprises of :- Warehouse No. 2 which consists of the ground floor of 583sqm with a mezzanine of 81sqm, a basement of 308sqm and the first floor of 747sqm.- Warehouse No. 4 which consists of the ground floor of 373sqm with a mezzanine of 81sqm, a basement of 640sqm and the first floor of 456sqm.- Warehouse No. 5 which consists of the ground floor of 380sqm with a mezzanine of 81sqm, a basement of 660sqm and the first floor of 469sqm.The warehouses have been constructed with high quality materials such as sandwich panels (walls & roof), fire prevention systems, fire detection systems, and provision for industrial elevator, and is designed in a way that allows for its spaces to be modified according to the requirements of the user.The immediate area of the property is a well developed organized industrial area that enjoys easy access to the A3 motorway.The asset falls within industrial planning zone B 1, with building density coefficient of 100%, coverage coefficient 50%, in 2 floors.
Reference ID: #SA27094Price details: 4,600,000This asset consists of three warehouses in Aradippou, within the Aradippou (Kalo Chorio) industrial area in proximity to the A3 motorway and the international airport.The asset has a total build area 4,859sqm that comprises of :- Warehouse No. 2 which consists of the ground floor of 583sqm with a mezzanine of 81sqm, a basement of 308sqm and the first floor of 747sqm.- Warehouse No. 4 which consists of the ground floor of 373sqm with a mezzanine of 81sqm, a basement of 640sqm and the first floor of 456sqm.- Warehouse No. 5 which consists of the ground floor of 380sqm with a mezzanine of 81sqm, a basement of 660sqm and the first floor of 469sqm.The warehouses have been constructed with high quality materials such as sandwich panels (walls & roof), fire prevention systems, fire detection systems, and provision for industrial elevator, and is designed in a way that allows for its spaces to be modified according to the requirements of the user.The immediate area of the property is a well developed organized industrial area that enjoys easy access to the A3 motorway.The asset falls within industrial planning zone B 1, with building density coefficient of 100%, coverage coefficient 50%, in 2 floors.
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Currency Exchange
5408, 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 €4,600,000 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 |
|---|---|---|---|
| €4,600,000 | £3,810,226 | £3,953,470 | £143,244 |
| Property Price € | €4,600,000 |
| Minimum cost in the last six months | £3,810,226 |
| Maximum cost in the last six months | £3,953,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,244 |
5408, 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 €4,600,000 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 |
|---|---|---|---|
| €4,600,000 | £3,810,226 | £3,953,470 | £143,244 |
| Property Price € | €4,600,000 |
| Minimum cost in the last six months | £3,810,226 |
| Maximum cost in the last six months | £3,953,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,244 |
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 £143,244 more.
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