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Commercial Warehouse in Lakatamia, Nicosia
5047, Cyprus
REF: 762446
€620,000
Description
Reference ID: #SA32954Price details: 620,000Two unified industrial warehouses in one of Cyprus s most popular industrial areas, located within Lakatameia Municipality in Nicosia District.They are located at a distance of approximately 650 meters north from Spyrou Kyprianou Avenue (Nicosia ring road) and approximately 200 meters east from the Tseri Avenue.The industrial area benefits from having direct access onto the main motorway network with great connectivity and easy access to all cities.Additionally, this area has easy access to the Nicosia city.The warehouses (No 5 & 6) have been unified and used as a single unit.They were constructed around the year 2009 and consists of an open space area and a toilet on the ground floor plus a mezzanine toilet/showers.Externally they have exclusive right of use of 10 uncovered parking spaces.The total ground floor area is 556sqm and the mezzanines 276sqm.It is noted that the property is rented for 1717/month and it is considered as an appealing investment opportunity.
Reference ID: #SA32954Price details: 620,000Two unified industrial warehouses in one of Cyprus s most popular industrial areas, located within Lakatameia Municipality in Nicosia District.They are located at a distance of approximately 650 meters north from Spyrou Kyprianou Avenue (Nicosia ring road) and approximately 200 meters east from the Tseri Avenue.The industrial area benefits from having direct access onto the main motorway network with great connectivity and easy access to all cities.Additionally, this area has easy access to the Nicosia city.The warehouses (No 5 & 6) have been unified and used as a single unit.They were constructed around the year 2009 and consists of an open space area and a toilet on the ground floor plus a mezzanine toilet/showers.Externally they have exclusive right of use of 10 uncovered parking spaces.The total ground floor area is 556sqm and the mezzanines 276sqm.It is noted that the property is rented for 1717/month and it is considered as an appealing investment opportunity.
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Currency Exchange
5047, 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 €620,000 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 |
|---|---|---|---|
| €620,000 | £513,552 | £532,859 | £19,307 |
| Property Price € | €620,000 |
| Minimum cost in the last six months | £513,552 |
| Maximum cost in the last six months | £532,859 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,307 |
5047, 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 €620,000 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 |
|---|---|---|---|
| €620,000 | £513,552 | £532,859 | £19,307 |
| Property Price € | €620,000 |
| Minimum cost in the last six months | £513,552 |
| Maximum cost in the last six months | £532,859 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,307 |
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 £19,307 more.
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