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Agricultural in Agios Athanasios, Limassol
5207, Cyprus
REF: 654002
€20,000,000
Description
Reference ID: #SA29594Price details: 20,000,000 +VAT?he property lies on Ayios Athanasios-Mathikoloni main road, at Ayios Athanasios quarter, within the municipality of Ayios Athanasios, in the district of Limassol.The parcel has an irregular shape, a rather unsmooth surface and a slight southern slope. Part of the parcel has a smooth and flat surface. A small part of the parcel has a steeper south-western and north-western inclination. Earth works have been carried out within the aforementioned part of the parcel.On its eastern boundary, the parcel enjoys a frontage of approximately 185 metres, on Ayios Athanasios-Mathikoloni main road and a frontage of approximately 215 metres, on a registered, public pathway.The property enjoys panoramic views of the city and sea of Limassol.The property lacks all necessary services i.e. electricity, water supply and telephone although these are found in very close proximity.The property falls within the areas of Specialized Development where it can, after ensuring adequate water supply, be developed with the following uses:(a) Higher Education Institutions (Universities, Colleges and other specialized schools),(b) schools, excluding kindergarten,(c) specialized medical centers, large diagnostic centers, medical centers of international standards and private hospitals sports / entertainment, large-scale organized sports centers,(d) theme parks,(e) research and development centers and high-tech developments,(f) television and / or radio stations, and(g) integrated tourist complexesThe Property falls within the Rural Development Plan and Planning Zone Ga4 (agricultural zone) with maximum building coefficient 0.10:1, coverage 0.10:1 in 2 storeys.
Reference ID: #SA29594Price details: 20,000,000 +VAT?he property lies on Ayios Athanasios-Mathikoloni main road, at Ayios Athanasios quarter, within the municipality of Ayios Athanasios, in the district of Limassol.The parcel has an irregular shape, a rather unsmooth surface and a slight southern slope. Part of the parcel has a smooth and flat surface. A small part of the parcel has a steeper south-western and north-western inclination. Earth works have been carried out within the aforementioned part of the parcel.On its eastern boundary, the parcel enjoys a frontage of approximately 185 metres, on Ayios Athanasios-Mathikoloni main road and a frontage of approximately 215 metres, on a registered, public pathway.The property enjoys panoramic views of the city and sea of Limassol.The property lacks all necessary services i.e. electricity, water supply and telephone although these are found in very close proximity.The property falls within the areas of Specialized Development where it can, after ensuring adequate water supply, be developed with the following uses:(a) Higher Education Institutions (Universities, Colleges and other specialized schools),(b) schools, excluding kindergarten,(c) specialized medical centers, large diagnostic centers, medical centers of international standards and private hospitals sports / entertainment, large-scale organized sports centers,(d) theme parks,(e) research and development centers and high-tech developments,(f) television and / or radio stations, and(g) integrated tourist complexesThe Property falls within the Rural Development Plan and Planning Zone Ga4 (agricultural zone) with maximum building coefficient 0.10:1, coverage 0.10:1 in 2 storeys.
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Currency Exchange
5207, 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 €20,000,000 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 |
|---|---|---|---|
| €20,000,000 | £16,566,200 | £17,189,000 | £622,800 |
| Property Price € | €20,000,000 |
| Minimum cost in the last six months | £16,566,200 |
| Maximum cost in the last six months | £17,189,000 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £622,800 |
5207, 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 €20,000,000 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 |
|---|---|---|---|
| €20,000,000 | £16,566,200 | £17,189,000 | £622,800 |
| Property Price € | €20,000,000 |
| Minimum cost in the last six months | £16,566,200 |
| Maximum cost in the last six months | £17,189,000 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £622,800 |
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 £622,800 more.
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