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Commercial Warehouse in Kaimakli, Nicosia
5704, Cyprus
REF: 731070
€2,900,000
Description
Reference ID: #SA32129Price details: 2,900,000Three adjacent industrial plots with two buildings are located within the industrial area of Kaimakli, Nicosia district.The building on the first parcel is divided into a ground floor of approximately 1.570 sq.m. and a semi-basement of approximately 1.545 sq.m., in total 3.115 sq.m., approximately 175 sq.m. of uncovered verandas and land area of approximately 3.113 sq.m.The ground floor of two levels, consists of an open plan exhibition area and a mezzanine used as storage space. The second level is comprised of offices, storage rooms, a kitchen, production control room, production area and an uncovered veranda. The lower level consists of a workshop area, refrigerator room, storage area, toilets, locker rooms and an EAC substation. ?Externally there is an office room of approximately 25 sq.m.The building on the second and third parcels is divided into a ground floor and a semi-basement of approximately 1.360 sq.m. respectively, 3.115 sq.m. in total, and land area of approximately 5.613 sq.m. combined.The ground floor consists of three storage areas and office rooms.The semi-basement consists of storage areas, two refrigerator rooms and a boiler room.Externally there is an office room of approximately 25 sq.m.All the properties fall within Zones ?a1 and ??3 with a building coefficient of 160%, coverage of 50%, and permission for 4 floors.Moreover, the plots fall within special zone ??6 which allow, apart from industrial and warehousing developments, the construction of other commercial developments such as business offices, hyperstores, showrooms and exhibition areas for items with an increased volume or that require the storage of large quantities of product i.e. DIY stores, furniture, electrical appliances etc. car showrooms.Additionally, ??6 special zone allows the development of leisure facilities such as cinema, as well as schools student nests and other, subject to acquiring the necessary permits.
Reference ID: #SA32129Price details: 2,900,000Three adjacent industrial plots with two buildings are located within the industrial area of Kaimakli, Nicosia district.The building on the first parcel is divided into a ground floor of approximately 1.570 sq.m. and a semi-basement of approximately 1.545 sq.m., in total 3.115 sq.m., approximately 175 sq.m. of uncovered verandas and land area of approximately 3.113 sq.m.The ground floor of two levels, consists of an open plan exhibition area and a mezzanine used as storage space. The second level is comprised of offices, storage rooms, a kitchen, production control room, production area and an uncovered veranda. The lower level consists of a workshop area, refrigerator room, storage area, toilets, locker rooms and an EAC substation. ?Externally there is an office room of approximately 25 sq.m.The building on the second and third parcels is divided into a ground floor and a semi-basement of approximately 1.360 sq.m. respectively, 3.115 sq.m. in total, and land area of approximately 5.613 sq.m. combined.The ground floor consists of three storage areas and office rooms.The semi-basement consists of storage areas, two refrigerator rooms and a boiler room.Externally there is an office room of approximately 25 sq.m.All the properties fall within Zones ?a1 and ??3 with a building coefficient of 160%, coverage of 50%, and permission for 4 floors.Moreover, the plots fall within special zone ??6 which allow, apart from industrial and warehousing developments, the construction of other commercial developments such as business offices, hyperstores, showrooms and exhibition areas for items with an increased volume or that require the storage of large quantities of product i.e. DIY stores, furniture, electrical appliances etc. car showrooms.Additionally, ??6 special zone allows the development of leisure facilities such as cinema, as well as schools student nests and other, subject to acquiring the necessary permits.
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Currency Exchange
5704, 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 €2,900,000 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 |
|---|---|---|---|
| €2,900,000 | £2,402,099 | £2,492,405 | £90,306 |
| Property Price € | €2,900,000 |
| Minimum cost in the last six months | £2,402,099 |
| Maximum cost in the last six months | £2,492,405 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,306 |
5704, 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 €2,900,000 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 |
|---|---|---|---|
| €2,900,000 | £2,402,099 | £2,492,405 | £90,306 |
| Property Price € | €2,900,000 |
| Minimum cost in the last six months | £2,402,099 |
| Maximum cost in the last six months | £2,492,405 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,306 |
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 £90,306 more.
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