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Commercial Building in City Center, Nicosia
5804, Cyprus
REF: 642681
€6,825,000
Description
Reference ID: #SA26242Price details: 6,825,000 +VATLocated at the entrance of Nicosia, at what possibly can be described as the best location in Nicosia, the project offers easy access to the highway leading to the airport (30 minutes) and Limassol (45 minutes) as well as easy access to the Centre of Nicosia.The area has developed as a business Center with the Head Offices of the Hellenic Bank, the Head Offices of ex Laiki Bank (now Bank of Cyprus), insurance companies, Electricity Authority Offices etc., all located nearby.The plot size is 1.933 sq. m. Permits allows the construction of 4.773 square meters of office space and three basements providing 151 parking spaces and some store rooms.The proposed development consists of 9 floors providing flexible office space, ranging from 258 sq. m. to 740 sq. m. per floor. The design allows, amongst other, the flexibility for the building to be separated equally into two office buildings.The property belows to SPV and interested party can pay the shares of company.
Reference ID: #SA26242Price details: 6,825,000 +VATLocated at the entrance of Nicosia, at what possibly can be described as the best location in Nicosia, the project offers easy access to the highway leading to the airport (30 minutes) and Limassol (45 minutes) as well as easy access to the Centre of Nicosia.The area has developed as a business Center with the Head Offices of the Hellenic Bank, the Head Offices of ex Laiki Bank (now Bank of Cyprus), insurance companies, Electricity Authority Offices etc., all located nearby.The plot size is 1.933 sq. m. Permits allows the construction of 4.773 square meters of office space and three basements providing 151 parking spaces and some store rooms.The proposed development consists of 9 floors providing flexible office space, ranging from 258 sq. m. to 740 sq. m. per floor. The design allows, amongst other, the flexibility for the building to be separated equally into two office buildings.The property belows to SPV and interested party can pay the shares of company.
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Currency Exchange
5804, 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 €6,825,000 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 |
|---|---|---|---|
| €6,825,000 | £5,653,216 | £5,865,746 | £212,531 |
| Property Price € | €6,825,000 |
| Minimum cost in the last six months | £5,653,216 |
| Maximum cost in the last six months | £5,865,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £212,531 |
5804, 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 €6,825,000 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 |
|---|---|---|---|
| €6,825,000 | £5,653,216 | £5,865,746 | £212,531 |
| Property Price € | €6,825,000 |
| Minimum cost in the last six months | £5,653,216 |
| Maximum cost in the last six months | £5,865,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £212,531 |
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 £212,531 more.
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