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Commercial in Aglantzia, Nicosia
5095, Cyprus
REF: 762337
€990,000
Description
Reference ID: #SA33136Price details: 990,000 +VATThis prime commercial plot in Aglantzia, Nicosia, presents an exceptional investment opportunity. Spanning 1,143 square meters, the strategically located field is positioned a mere 150 meters from Aglantzia City Hall, ensuring proximity to administrative services. Additionally, it stands 1.1 kilometers away from the esteemed University of Cyprus and is conveniently situated within walking distance of the bustling junction of Larnakos and Aglantzias Avenues recognized as the primary commercial arteries of the area, boasting vibrant commercial activity.With road frontage on both its northern and southern borders, the plot offers accessibility and visibility, making it an ideal location for commercial development. The asset's advantageous position not only facilitates easy access to the city center and major highways but also places it in close proximity to a comprehensive range of amenities.The plot comes with a favorable zoning plan, featuring a building density of 160%, coverage of 50%, a maximum height allowance of 24 meters, and the potential for constructing up to six floors. These parameters provide ample scope for the realization of a diverse range of commercial ventures, from retail establishments to office spaces or mixed-use developments.In essence, this commercial plot in Aglantzia is a strategic and versatile investment proposition, offering a harmonious blend of location advantages, development potential, and favorable zoning regulations.
Reference ID: #SA33136Price details: 990,000 +VATThis prime commercial plot in Aglantzia, Nicosia, presents an exceptional investment opportunity. Spanning 1,143 square meters, the strategically located field is positioned a mere 150 meters from Aglantzia City Hall, ensuring proximity to administrative services. Additionally, it stands 1.1 kilometers away from the esteemed University of Cyprus and is conveniently situated within walking distance of the bustling junction of Larnakos and Aglantzias Avenues recognized as the primary commercial arteries of the area, boasting vibrant commercial activity.With road frontage on both its northern and southern borders, the plot offers accessibility and visibility, making it an ideal location for commercial development. The asset's advantageous position not only facilitates easy access to the city center and major highways but also places it in close proximity to a comprehensive range of amenities.The plot comes with a favorable zoning plan, featuring a building density of 160%, coverage of 50%, a maximum height allowance of 24 meters, and the potential for constructing up to six floors. These parameters provide ample scope for the realization of a diverse range of commercial ventures, from retail establishments to office spaces or mixed-use developments.In essence, this commercial plot in Aglantzia is a strategic and versatile investment proposition, offering a harmonious blend of location advantages, development potential, and favorable zoning regulations.
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Currency Exchange
5095, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £820,027 | £850,856 | £30,829 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £820,027 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,829 |
5095, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £820,027 | £850,856 | £30,829 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £820,027 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,829 |
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 £30,829 more.
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