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Commercial Office in City Center, Nicosia
5687, Cyprus
REF: 643317
€3,500,000
Description
Reference ID: #17217Price details: 3,500,000The property is located near the centre of Nicosia at the northern corner of the Louki Akrita Avenueand Agios Pavlos Street, 300 metres northwest of the House of Representatives. It has excellentaccess to the centre of Nicosia and the suburbs of Agios Dometios and Engomi. It is roughly 22 yearsold. The basement consists of 19 parking spaces with an exit to Iroon Street, two storerooms, twotoilet areas and an engine room. The ground floor consists of a reception area, office units dividedwith internal partitioning, two toilet areas and a small kitchen. The two upper floors similarly consist ofoffice units divided with internal partitioning, have two toilet areas and a small kitchen. The building isalso served by a lift and a stairway connecting the floors. The external area has a covered veranda,15 uncovered parking spaces. The immediate area consists of old listed buildings, multi-storeycomplexes with flats and offices as well as scattered buildings with commercial uses
Reference ID: #17217Price details: 3,500,000The property is located near the centre of Nicosia at the northern corner of the Louki Akrita Avenueand Agios Pavlos Street, 300 metres northwest of the House of Representatives. It has excellentaccess to the centre of Nicosia and the suburbs of Agios Dometios and Engomi. It is roughly 22 yearsold. The basement consists of 19 parking spaces with an exit to Iroon Street, two storerooms, twotoilet areas and an engine room. The ground floor consists of a reception area, office units dividedwith internal partitioning, two toilet areas and a small kitchen. The two upper floors similarly consist ofoffice units divided with internal partitioning, have two toilet areas and a small kitchen. The building isalso served by a lift and a stairway connecting the floors. The external area has a covered veranda,15 uncovered parking spaces. The immediate area consists of old listed buildings, multi-storeycomplexes with flats and offices as well as scattered buildings with commercial uses
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Currency Exchange
5687, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
5687, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
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 £108,990 more.
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