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Commercial Warehouse in Kaimakli, Nicosia
5704, Cyprus
REF: 655689
€995,000
Description
Reference ID: #SA30176Price details: 995,000Industrial plot of 3,206sq.m. with a ground-floor industrial building of 800 sq.m., has a flat surface and access via a registered road.The total frontage is approximately 80m on the north-eastern boundary within the Avenue.On its north-west boundary, there is an electrical substation.The property fall under the Special Area zone (E?6) which apart from industrial developments and warehouse, other economic activities and industrial activities uses are allowed. i.e. business offices and exhibition spaces as well as commercial uses for items that have increased volume and businesses that require it storage of large quantities of the product. In addition, provided that the area of development is at least 1,000 sqm the development of independent showroom as well as a Superstore for home goods, garden and other related items, DIY type are allowed. Also in the zone E?6 the development of schools of higher education, leisure centers and cinemas as well as student residences are allowed under circumstances.
Reference ID: #SA30176Price details: 995,000Industrial plot of 3,206sq.m. with a ground-floor industrial building of 800 sq.m., has a flat surface and access via a registered road.The total frontage is approximately 80m on the north-eastern boundary within the Avenue.On its north-west boundary, there is an electrical substation.The property fall under the Special Area zone (E?6) which apart from industrial developments and warehouse, other economic activities and industrial activities uses are allowed. i.e. business offices and exhibition spaces as well as commercial uses for items that have increased volume and businesses that require it storage of large quantities of the product. In addition, provided that the area of development is at least 1,000 sqm the development of independent showroom as well as a Superstore for home goods, garden and other related items, DIY type are allowed. Also in the zone E?6 the development of schools of higher education, leisure centers and cinemas as well as student residences are allowed under circumstances.
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Currency Exchange
5704, 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 €995,000 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 |
|---|---|---|---|
| €995,000 | £824,168 | £855,153 | £30,984 |
| Property Price € | €995,000 |
| Minimum cost in the last six months | £824,168 |
| Maximum cost in the last six months | £855,153 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,984 |
5704, 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 €995,000 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 |
|---|---|---|---|
| €995,000 | £824,168 | £855,153 | £30,984 |
| Property Price € | €995,000 |
| Minimum cost in the last six months | £824,168 |
| Maximum cost in the last six months | £855,153 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,984 |
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 £30,984 more.
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