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Building, For Sale, Nicosia, Nicosia Center
Nicosia Center, Cyprus
REF: 764169
€1,100,000
Description
A unique mixed-use building, suitable for a variety of purposes, available in the most scenic area of old town, close to Agios Savvas Church, steps away from Laiki Geitonia and Ledras str.The building consists of 2 renovated units of 250sq.m internal areas, each.The ground-floor property is a licensed office that can be used for a variety of purposes. It consists of an entrance hall, 4 rooms/offices, a spacious kitchen, 2 WC and a bathroom.Internally, this property features, a/c split units, all necessary electrical appliances in the kitchen, double glazed windows, good quality ceramic tiles and good quality furniture. Externally, the property features a beautiful yard and terrace, additionally to the driveway which easily can fit 2 cars.The upper floor property is a residential apartment of 250sq.m internal areas and 5 bedrooms. Aside the 5 bedrooms, the apartment consists of an entrance hall, a very spacious sitting and dining area, a beautiful bar, a spacious and equipped kitchen, a full bathroom, an en-suite shower and WC in the master bedroom and a storage unit.Internally, this property features, a/c split units, brand new central heating, all necessary electrical appliances in the kitchen, double glazed windows, top quality wooden floors and good quality furniture. Externally, the property features 3 balconies, a roof garden, a photovoltaic system to cover its electricity needs, and a parking place, spacious enough to fit 2 cars.The property has the right to expand to a third floor as well, with no limitations as it is not considered a preserved construction, increasing even more the buyer's potentials.The building falls into ΕΖ zone, with 160% building density, 70% coverage and 3 floors allowance (11.5 meters height).
A unique mixed-use building, suitable for a variety of purposes, available in the most scenic area of old town, close to Agios Savvas Church, steps away from Laiki Geitonia and Ledras str.The building consists of 2 renovated units of 250sq.m internal areas, each.The ground-floor property is a licensed office that can be used for a variety of purposes. It consists of an entrance hall, 4 rooms/offices, a spacious kitchen, 2 WC and a bathroom.Internally, this property features, a/c split units, all necessary electrical appliances in the kitchen, double glazed windows, good quality ceramic tiles and good quality furniture. Externally, the property features a beautiful yard and terrace, additionally to the driveway which easily can fit 2 cars.The upper floor property is a residential apartment of 250sq.m internal areas and 5 bedrooms. Aside the 5 bedrooms, the apartment consists of an entrance hall, a very spacious sitting and dining area, a beautiful bar, a spacious and equipped kitchen, a full bathroom, an en-suite shower and WC in the master bedroom and a storage unit.Internally, this property features, a/c split units, brand new central heating, all necessary electrical appliances in the kitchen, double glazed windows, top quality wooden floors and good quality furniture. Externally, the property features 3 balconies, a roof garden, a photovoltaic system to cover its electricity needs, and a parking place, spacious enough to fit 2 cars.The property has the right to expand to a third floor as well, with no limitations as it is not considered a preserved construction, increasing even more the buyer's potentials.The building falls into ΕΖ zone, with 160% building density, 70% coverage and 3 floors allowance (11.5 meters height).
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Currency Exchange
Nicosia Center, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £911,141 | £945,395 | £34,254 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £911,141 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,254 |
Nicosia Center, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £911,141 | £945,395 | £34,254 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £911,141 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,254 |
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 £34,254 more.
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