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Commercial Building in Engomi, Nicosia
5483, Cyprus
REF: 684082
€18,000,000
Description
Reference ID: #SA30761Price details: 18,000,000The property is located within the municipal limits of Engomi, province of Nicosia.The parcel that the property is constructed within has a total area of 6160 m2.Comprises of a large commercial building with retail outlets on the ground floor and office areas on the first and second floors.The building was completed 23 years ago and has a trapezoid shape as has the parcel of land on which it has been constructed.The eastern area of the ground floor,along with with the 1st and and 2nd floors, were recently renovated up to a high standard of quality. Along its ground southern and western part, the building is currently divided into 7 retail units that include or are designed for shops, restaurants/caf and office space.Parking is provided in the basement (equivalent area as the ground floor) and outside the eastern side of the building.
Reference ID: #SA30761Price details: 18,000,000The property is located within the municipal limits of Engomi, province of Nicosia.The parcel that the property is constructed within has a total area of 6160 m2.Comprises of a large commercial building with retail outlets on the ground floor and office areas on the first and second floors.The building was completed 23 years ago and has a trapezoid shape as has the parcel of land on which it has been constructed.The eastern area of the ground floor,along with with the 1st and and 2nd floors, were recently renovated up to a high standard of quality. Along its ground southern and western part, the building is currently divided into 7 retail units that include or are designed for shops, restaurants/caf and office space.Parking is provided in the basement (equivalent area as the ground floor) and outside the eastern side of the building.
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Currency Exchange
5483, 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 €18,000,000 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 |
|---|---|---|---|
| €18,000,000 | £14,909,580 | £15,470,100 | £560,520 |
| Property Price € | €18,000,000 |
| Minimum cost in the last six months | £14,909,580 |
| Maximum cost in the last six months | £15,470,100 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £560,520 |
5483, 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 €18,000,000 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 |
|---|---|---|---|
| €18,000,000 | £14,909,580 | £15,470,100 | £560,520 |
| Property Price € | €18,000,000 |
| Minimum cost in the last six months | £14,909,580 |
| Maximum cost in the last six months | £15,470,100 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £560,520 |
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 £560,520 more.
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