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Commercial Building in Acropoli, Nicosia
5708, Cyprus
REF: 675866
€7,300,000
Description
Reference ID: #SA30619Price details: 7,300,000This asset is a seven-storey commercial building in Trypiotis, Nicosia.The asset consists of:-A basement of c. 200sqm comprising of 20 parking spaces.-A ground floor shop consisting of c. 490sqm that consist of open plan retail area, open plan office area, offices and sanitary areas and a c. 250sqm mezzanine that consist of an office and sanitary areas. -A mechanical floor of c. 100sqm that consists of a cafeteria, a kitchen, storage area and large uncovered balcony. -Floors 1-5 of c. 367sqm each that consist of offices and sanitary areas. -Floor 6 of c. 270sqm that consists of a reception area, conference room, three offices, covered balconies and sanitary areas. Access to the whole building is provided through elevators and a staircase. The immediate area of the property comprises of commercial developments such as commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.
Reference ID: #SA30619Price details: 7,300,000This asset is a seven-storey commercial building in Trypiotis, Nicosia.The asset consists of:-A basement of c. 200sqm comprising of 20 parking spaces.-A ground floor shop consisting of c. 490sqm that consist of open plan retail area, open plan office area, offices and sanitary areas and a c. 250sqm mezzanine that consist of an office and sanitary areas. -A mechanical floor of c. 100sqm that consists of a cafeteria, a kitchen, storage area and large uncovered balcony. -Floors 1-5 of c. 367sqm each that consist of offices and sanitary areas. -Floor 6 of c. 270sqm that consists of a reception area, conference room, three offices, covered balconies and sanitary areas. Access to the whole building is provided through elevators and a staircase. The immediate area of the property comprises of commercial developments such as commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.
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Currency Exchange
5708, 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 €7,300,000 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 |
|---|---|---|---|
| €7,300,000 | £6,046,663 | £6,273,985 | £227,322 |
| Property Price € | €7,300,000 |
| Minimum cost in the last six months | £6,046,663 |
| Maximum cost in the last six months | £6,273,985 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £227,322 |
5708, 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 €7,300,000 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 |
|---|---|---|---|
| €7,300,000 | £6,046,663 | £6,273,985 | £227,322 |
| Property Price € | €7,300,000 |
| Minimum cost in the last six months | £6,046,663 |
| Maximum cost in the last six months | £6,273,985 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £227,322 |
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 £227,322 more.
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