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Commercial Shop in Sotiros, Larnaca
5545, Cyprus
REF: 762380
€800,000
Description
Reference ID: #SA33069Price details: 800,000Shop and Commercial plot as a bundle.The building consists of a large basement area and a ground floor/ showroom.The basement has a car ramp leading from the ground floor to a large storage area, an office, toilet, shower, kitchen, two storage rooms and a fire place.On the ground floor there are parking places and a large showroom which comprises of a well-designed spacious open area, dressing rooms and toilet areas.The two plots are commercial, extending to about 1,116 sq.m. in total. Access to the field is via two registered roads with a total frontage of approx. 45mThe asset is located approx. 130m from the motorway and approx. 2.8km from the beach
Reference ID: #SA33069Price details: 800,000Shop and Commercial plot as a bundle.The building consists of a large basement area and a ground floor/ showroom.The basement has a car ramp leading from the ground floor to a large storage area, an office, toilet, shower, kitchen, two storage rooms and a fire place.On the ground floor there are parking places and a large showroom which comprises of a well-designed spacious open area, dressing rooms and toilet areas.The two plots are commercial, extending to about 1,116 sq.m. in total. Access to the field is via two registered roads with a total frontage of approx. 45mThe asset is located approx. 130m from the motorway and approx. 2.8km from the beach
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Currency Exchange
5545, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
5545, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
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 £24,912 more.
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