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Commercial Warehouse in Pera Chorio Nisou, Nicosia
5181, Cyprus
REF: 642505
€5,700,000
Description
Reference ID: #SA27089Price details: 5,700,000This asset is a food processing, storage and distribution center in the Nisou industrial area, Nicosia.The asset comprises of the following areas:- Management building (of 270sqm) with reception area, offices, conference room, server room, storage area and hygiene facilities.- Production area (of 2,120sqm) with three loading bays, office/filing room, control room, order preparation area, refrigerators for vegetables, meat, fish, packaging material storage room, sterilization area, staff cafeteria, hygiene areas and changing room.- Basement (of 970sqm) with parking spaces and extra storage rooms.The building is equipped with HVAC, central refrigeration system, fire detection system, fire extinguisher system, CCTV and security system.The immediate area of the property is a well developed organized industrial area that enjoys easy access to the Nicosia - Limassol motorway.The asset falls within two planning zones:- 6,402sqm fall within industrial planning zone ?a3 with building density coefficient of 100%, coverage coefficient 60%, in 2 floors.- 2,743sqm fall within Protected planning zone ?a1 with building density coefficient of 5%, coverage coefficient 5%, in 1 floors and a maximum height of 5,5m.
Reference ID: #SA27089Price details: 5,700,000This asset is a food processing, storage and distribution center in the Nisou industrial area, Nicosia.The asset comprises of the following areas:- Management building (of 270sqm) with reception area, offices, conference room, server room, storage area and hygiene facilities.- Production area (of 2,120sqm) with three loading bays, office/filing room, control room, order preparation area, refrigerators for vegetables, meat, fish, packaging material storage room, sterilization area, staff cafeteria, hygiene areas and changing room.- Basement (of 970sqm) with parking spaces and extra storage rooms.The building is equipped with HVAC, central refrigeration system, fire detection system, fire extinguisher system, CCTV and security system.The immediate area of the property is a well developed organized industrial area that enjoys easy access to the Nicosia - Limassol motorway.The asset falls within two planning zones:- 6,402sqm fall within industrial planning zone ?a3 with building density coefficient of 100%, coverage coefficient 60%, in 2 floors.- 2,743sqm fall within Protected planning zone ?a1 with building density coefficient of 5%, coverage coefficient 5%, in 1 floors and a maximum height of 5,5m.
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Currency Exchange
5181, 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 €5,700,000 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 |
|---|---|---|---|
| €5,700,000 | £4,721,367 | £4,898,865 | £177,498 |
| Property Price € | €5,700,000 |
| Minimum cost in the last six months | £4,721,367 |
| Maximum cost in the last six months | £4,898,865 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £177,498 |
5181, 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 €5,700,000 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 |
|---|---|---|---|
| €5,700,000 | £4,721,367 | £4,898,865 | £177,498 |
| Property Price € | €5,700,000 |
| Minimum cost in the last six months | £4,721,367 |
| Maximum cost in the last six months | £4,898,865 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £177,498 |
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 £177,498 more.
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