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Commercial Building in Aradippou, Larnaca
5408, Cyprus
REF: 680695
€1,300,000
Description
Reference ID: #SA25926Price details: 1,300,000Commercial building in Agios Fanourios quarter of Aradippou Municipality.The area of the property designates a plethora of amenities and services such as supermarkets, schools, shops etc.In addition, it has excellent access to the motorway and the city of Larnaca.The building consists of a ground floor showroom, a mezzanine, two upper floors with office spaces and a basement.The ground floor area/showroom is 400 sqm (approx.) plus 200sqm the mezzanine and 700 sqm the basement. The 1st and 2nd floor of the building has total area of 700sqm.It is noted that the ground floor and the mezzanine level is rented for 2000/month while the rest of the building is vacant. By renting out all the units of the building, the property can offera high yield of over 5%.
Reference ID: #SA25926Price details: 1,300,000Commercial building in Agios Fanourios quarter of Aradippou Municipality.The area of the property designates a plethora of amenities and services such as supermarkets, schools, shops etc.In addition, it has excellent access to the motorway and the city of Larnaca.The building consists of a ground floor showroom, a mezzanine, two upper floors with office spaces and a basement.The ground floor area/showroom is 400 sqm (approx.) plus 200sqm the mezzanine and 700 sqm the basement. The 1st and 2nd floor of the building has total area of 700sqm.It is noted that the ground floor and the mezzanine level is rented for 2000/month while the rest of the building is vacant. By renting out all the units of the building, the property can offera high yield of over 5%.
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Currency Exchange
5408, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,081,444 | £1,118,806 | £37,362 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,081,444 |
| Maximum cost in the last six months | £1,118,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,362 |
5408, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,081,444 | £1,118,806 | £37,362 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,081,444 |
| Maximum cost in the last six months | £1,118,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,362 |
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 £37,362 more.
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