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Commercial in Agios Antonios, Nicosia
5654, Cyprus
REF: 643373
€2,585,000
Description
Reference ID: #17103Price details: 2,585,000A parcel of land with a total area of 1.829 sqm, located in Ayios Antonios quarter in Nicosia.The property, as a plot, has a rectangular shape with an extensive frontage to the street of 67 metres. Its surface is flat and even.It is noted that currently, on the site, there is a building with no economic value that will be demolished.The property falls within the commercial pplanning zone ?a3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height. The immediate area of the property consists of a mixture of residential and commercial developments such as buildings consisting of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. Given its large area, excellent location and easy access, is suitable for commercial /residential development, benefiting from high volumes of traffic. Another advantage of the asset, as a building plot, may benefit from increased building density by taking advantage of various government incentives.
Reference ID: #17103Price details: 2,585,000A parcel of land with a total area of 1.829 sqm, located in Ayios Antonios quarter in Nicosia.The property, as a plot, has a rectangular shape with an extensive frontage to the street of 67 metres. Its surface is flat and even.It is noted that currently, on the site, there is a building with no economic value that will be demolished.The property falls within the commercial pplanning zone ?a3 with a maximum building density coefficient of 200% and a land coverage coefficient of 40% over 10 floors and 38 metres height. The immediate area of the property consists of a mixture of residential and commercial developments such as buildings consisting of shops, restaurants and showrooms on the ground floor and offices or apartments on the upper floors. The property enjoys easy access to the wider city of Nicosia and the surrounding areas. Given its large area, excellent location and easy access, is suitable for commercial /residential development, benefiting from high volumes of traffic. Another advantage of the asset, as a building plot, may benefit from increased building density by taking advantage of various government incentives.
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Currency Exchange
5654, 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 €2,585,000 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 |
|---|---|---|---|
| €2,585,000 | £2,141,181 | £2,221,678 | £80,497 |
| Property Price € | €2,585,000 |
| Minimum cost in the last six months | £2,141,181 |
| Maximum cost in the last six months | £2,221,678 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £80,497 |
5654, 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 €2,585,000 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 |
|---|---|---|---|
| €2,585,000 | £2,141,181 | £2,221,678 | £80,497 |
| Property Price € | €2,585,000 |
| Minimum cost in the last six months | £2,141,181 |
| Maximum cost in the last six months | £2,221,678 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £80,497 |
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 £80,497 more.
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