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Commercial in City Center, Nicosia
5804, Cyprus
REF: 684066
€25,500,000
Description
Reference ID: #SA30783Price details: 25,500,000The plot is situated within the administrative boundaries of Nicosia municipality, at Trypiotis Quarter within the Central Business District of the town and it is located at about 150 m south west of the new under construction Eleftherias Square and at about 50 m south of the cross road between Archbishop Makarios III, Evagoras and Anastasios Leventis Avenues.The immediate area is primarily for office uses on the upper floors and commercial uses on the ground floor along the main arterial routes, i.e.Makarios IIIIIIIII Avenue and Evagoras Avenues,which are considered two of the most commercially active streets of the capital.Furthermore,it is characterizedby leisure entertainment spots such as restaurants, coffee shops,shops ,nigh clubs and very recently residential units to a certain extent and clustering of public and private services and departments (Ministries,banks, law firms, etc).The plot abuts on three public roads . It has a rather regular shape of letter L type and a flat and even surface.It must be highlighted that,the property is located opposite a large outdoor parking area,which covers the needs for car parking of the immediate area to a great extent.The plot sizei s 4893 sqm and has building density2.5:1 and coverage 0.7:1.As mentioned before, according ingto the provisions of the Revised Local Plan for the TownCentre, the property under study can get benefited with an increase building density up to 5,55 :1(2.50 +2,50 +0,25 +0,30 ),due to its large extent and the unlimited storeys/height.The plot has great advantages as the large extent, its location in the Central Business District and very close to Eleftherias Square which is under reconstruction and the large frontage along three public roads ,its shape and even and flat surface.Moreover, it could secure an extra ordinary high building density,which is the achievable building density that could be permitted, as per the provisions of the local plan of Nicosia-CBD (Central Business District).
Reference ID: #SA30783Price details: 25,500,000The plot is situated within the administrative boundaries of Nicosia municipality, at Trypiotis Quarter within the Central Business District of the town and it is located at about 150 m south west of the new under construction Eleftherias Square and at about 50 m south of the cross road between Archbishop Makarios III, Evagoras and Anastasios Leventis Avenues.The immediate area is primarily for office uses on the upper floors and commercial uses on the ground floor along the main arterial routes, i.e.Makarios IIIIIIIII Avenue and Evagoras Avenues,which are considered two of the most commercially active streets of the capital.Furthermore,it is characterizedby leisure entertainment spots such as restaurants, coffee shops,shops ,nigh clubs and very recently residential units to a certain extent and clustering of public and private services and departments (Ministries,banks, law firms, etc).The plot abuts on three public roads . It has a rather regular shape of letter L type and a flat and even surface.It must be highlighted that,the property is located opposite a large outdoor parking area,which covers the needs for car parking of the immediate area to a great extent.The plot sizei s 4893 sqm and has building density2.5:1 and coverage 0.7:1.As mentioned before, according ingto the provisions of the Revised Local Plan for the TownCentre, the property under study can get benefited with an increase building density up to 5,55 :1(2.50 +2,50 +0,25 +0,30 ),due to its large extent and the unlimited storeys/height.The plot has great advantages as the large extent, its location in the Central Business District and very close to Eleftherias Square which is under reconstruction and the large frontage along three public roads ,its shape and even and flat surface.Moreover, it could secure an extra ordinary high building density,which is the achievable building density that could be permitted, as per the provisions of the local plan of Nicosia-CBD (Central Business District).
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Property on Map
Currency Exchange
5804, 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 €25,500,000 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 |
|---|---|---|---|
| €25,500,000 | £21,212,940 | £21,945,810 | £732,870 |
| Property Price € | €25,500,000 |
| Minimum cost in the last six months | £21,212,940 |
| Maximum cost in the last six months | £21,945,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £732,870 |
5804, 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 €25,500,000 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 |
|---|---|---|---|
| €25,500,000 | £21,212,940 | £21,945,810 | £732,870 |
| Property Price € | €25,500,000 |
| Minimum cost in the last six months | £21,212,940 |
| Maximum cost in the last six months | £21,945,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £732,870 |
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 £732,870 more.
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