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Apartment Penthouse in Germasogeia Tourist Area, Limassol
5737, Cyprus
REF: 739202
€950,000
Description
Reference ID: #SA32439Price details: 950,000Luxury top floor partial sea view apartment, 30 Meter walking distance to a sandy beach.Situated in the east area of Limassol, it is close to all amenities and offers both a relaxed and peaceful atmosphere, combined with Limassol s cosmopolitan lifestyle.The apartment offers bespoke design, crafted with high-end finishing such as marble, granite stones, real wood floors, open plan design kitchen, and living-room. Includes a guest w/c, 1 master bedroom with en-suite bathroom and a large glazed walk-in closet, 2 additional double bedrooms with en-suite bathrooms, and a large outdoor veranda, accessed from the living room area via fully folding glazed doors.- Property covered area 157m - Property indoor area 132m - Veranda area 25m Gated parkingApartment Features:- Duct Mounted Air Conditioning- Under Floor Heating controlled through Wi-Fi- Marble Floors- Wooden Floors in Bedrooms- Integrated Lighting throughout- Jacuzzi tub in the bathroom & water jets in the showers.- Veranda Integrated Ceiling Fans- Walk-in closet- Inter graded Wardrobes- Fully equipped kitchen with Bosch Electrical Appliances (hob controlled through wi-fi)- Wine cooler - Granite Kitchen Island- Security Door- Alarm System- Wall-mounted designer mixers- Solar Panel for hot water- Aluminium Double Glassed Windows:- Sound Proof- Energy Efficient- Mosquito Nets Investment Property (receiving monthly Income)Sale Price: 950.000 - Not Eligible to VAT Let @ 4.300 per month. ROI 5.4 %Length of tenancy 1 yearStarting From 01/05/23 * If somebody wishes, they can buy the company saving themselves the property transfer fees on the purchase which come to about 32.000.* The tenant's contract can be terminated with a two-month prior notice
Reference ID: #SA32439Price details: 950,000Luxury top floor partial sea view apartment, 30 Meter walking distance to a sandy beach.Situated in the east area of Limassol, it is close to all amenities and offers both a relaxed and peaceful atmosphere, combined with Limassol s cosmopolitan lifestyle.The apartment offers bespoke design, crafted with high-end finishing such as marble, granite stones, real wood floors, open plan design kitchen, and living-room. Includes a guest w/c, 1 master bedroom with en-suite bathroom and a large glazed walk-in closet, 2 additional double bedrooms with en-suite bathrooms, and a large outdoor veranda, accessed from the living room area via fully folding glazed doors.- Property covered area 157m - Property indoor area 132m - Veranda area 25m Gated parkingApartment Features:- Duct Mounted Air Conditioning- Under Floor Heating controlled through Wi-Fi- Marble Floors- Wooden Floors in Bedrooms- Integrated Lighting throughout- Jacuzzi tub in the bathroom & water jets in the showers.- Veranda Integrated Ceiling Fans- Walk-in closet- Inter graded Wardrobes- Fully equipped kitchen with Bosch Electrical Appliances (hob controlled through wi-fi)- Wine cooler - Granite Kitchen Island- Security Door- Alarm System- Wall-mounted designer mixers- Solar Panel for hot water- Aluminium Double Glassed Windows:- Sound Proof- Energy Efficient- Mosquito Nets Investment Property (receiving monthly Income)Sale Price: 950.000 - Not Eligible to VAT Let @ 4.300 per month. ROI 5.4 %Length of tenancy 1 yearStarting From 01/05/23 * If somebody wishes, they can buy the company saving themselves the property transfer fees on the purchase which come to about 32.000.* The tenant's contract can be terminated with a two-month prior notice
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Currency Exchange
5737, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
5737, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
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 £29,583 more.
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