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Commercial Building in Strovolos, Nicosia
5709, Cyprus
REF: 642503
€5,000,000
Description
Reference ID: #SA27092Price details: 5,000,000This well-located two storey commercial building/showroom with a basement has a total built area of 4.433 sqm and is situated in Stovolos, Nicosia.Located at the entrance/exit of the city, it enjoys good accessibility towards the city centre and the surrounding areas and is adjacent to public roads on its western and eastern boundaries not far from The Mall of Cyprus and IKEA.The building comprises a basement of 685 sqm for use as storage, a ground floor of 2.200 sqm of which 580 sqm was used as showroom space and 1.620 sqm as storage. The first floor has a total area of 1.335 sqm and consists of offices, showrooms, server room and other auxiliary areas.The building has been equipped with a VRV heating/ cooling system, CCTV system, security alarm, fire prevention system and smoke detectors.The immediate area mainly consists of medium to large industrial developments and in the wider area there has been an increase in commercial developments.The building has been constructed with good quality materials and is in good physical condition and maintenance.Given the flexible layout of the asset, it can be rather easily altered for other uses.The property is zoned as Ba3 (commercial) with 100% building density, 60% coverage and 2 floors.
Reference ID: #SA27092Price details: 5,000,000This well-located two storey commercial building/showroom with a basement has a total built area of 4.433 sqm and is situated in Stovolos, Nicosia.Located at the entrance/exit of the city, it enjoys good accessibility towards the city centre and the surrounding areas and is adjacent to public roads on its western and eastern boundaries not far from The Mall of Cyprus and IKEA.The building comprises a basement of 685 sqm for use as storage, a ground floor of 2.200 sqm of which 580 sqm was used as showroom space and 1.620 sqm as storage. The first floor has a total area of 1.335 sqm and consists of offices, showrooms, server room and other auxiliary areas.The building has been equipped with a VRV heating/ cooling system, CCTV system, security alarm, fire prevention system and smoke detectors.The immediate area mainly consists of medium to large industrial developments and in the wider area there has been an increase in commercial developments.The building has been constructed with good quality materials and is in good physical condition and maintenance.Given the flexible layout of the asset, it can be rather easily altered for other uses.The property is zoned as Ba3 (commercial) with 100% building density, 60% coverage and 2 floors.
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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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,159,400 | £4,303,100 | £143,700 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,159,400 |
| Maximum cost in the last six months | £4,303,100 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,700 |
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 €5,000,000 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 |
|---|---|---|---|
| €5,000,000 | £4,159,400 | £4,303,100 | £143,700 |
| Property Price € | €5,000,000 |
| Minimum cost in the last six months | £4,159,400 |
| Maximum cost in the last six months | £4,303,100 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,700 |
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 £143,700 more.
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