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Commercial in Strovolos, Nicosia
5709, Cyprus
REF: 664884
€1,450,000
Description
Reference ID: #SA30359Price details: 1,450,000The asset is a field with total area of 2.200 sqm, in Strovolos, Nicosia. It is very close to many landmark buildings like the Makario Stadium, and Cyprus International Fair.The plot has a rectangular shape with a total frontage of 42 meters. Its surface is flat and even.The property has an excellent location and a very good proximity as it is surrounded by critical roads of the capital city s transport network allowing it to offer great access to the town centre and other surrounding areas.The immediate area is characterised by a limited number of commercial buildings as well as developments and land of similar use. The wider area of the property is a well-known residential area.The asset has received planning permit for the development of a 3 floor block, which can house showroom, offices, basement, shed parking space and fencing.The property falls within two planning zones:-Commercial zone ? 5 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 metres height.-Residential zone ?a6 with a maximum building density coefficient of 90% and a land coverage coefficient of 50% over 2 floors and 10 metres height.
Reference ID: #SA30359Price details: 1,450,000The asset is a field with total area of 2.200 sqm, in Strovolos, Nicosia. It is very close to many landmark buildings like the Makario Stadium, and Cyprus International Fair.The plot has a rectangular shape with a total frontage of 42 meters. Its surface is flat and even.The property has an excellent location and a very good proximity as it is surrounded by critical roads of the capital city s transport network allowing it to offer great access to the town centre and other surrounding areas.The immediate area is characterised by a limited number of commercial buildings as well as developments and land of similar use. The wider area of the property is a well-known residential area.The asset has received planning permit for the development of a 3 floor block, which can house showroom, offices, basement, shed parking space and fencing.The property falls within two planning zones:-Commercial zone ? 5 with a maximum building density coefficient of 120% and a land coverage coefficient of 50% over 3 floors and 13.50 metres height.-Residential zone ?a6 with a maximum building density coefficient of 90% and a land coverage coefficient of 50% over 2 floors and 10 metres height.
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Currency Exchange
5709, 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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,201,050 | £1,246,203 | £45,153 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,201,050 |
| Maximum cost in the last six months | £1,246,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,153 |
5709, 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 €1,450,000 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 |
|---|---|---|---|
| €1,450,000 | £1,201,050 | £1,246,203 | £45,153 |
| Property Price € | €1,450,000 |
| Minimum cost in the last six months | £1,201,050 |
| Maximum cost in the last six months | £1,246,203 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,153 |
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 £45,153 more.
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