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Land, For Sale, Nicosia, Latsia, Agios Georgios
Latsia, Cyprus
REF: 764187
€560,000
Description
Commercial land Latsia, Nicosia with specific zoning and building parameters. Here's a breakdown of the key attributes based on the details you've provided: Property Details: * Location: Latsia, Cyprus * Plot Type: Corner plot (usually offers better visibility and accessibility) * Zone: Ba3 (indicative of permissible uses and building regulations specified by local zoning laws) * Building Density: 100% * This means that the total built area can be equivalent to the total area of the plot. For example, if the plot is 1000 square meters, the total floor area allowed can be up to 1000 square meters. * Coverage Density: 60% * This indicates that a maximum of 60% of the plot can be covered by buildings, which translates to some open space on the property. For instance, if the plot is 1000 square meters, then up to 600 square meters can be covered by buildings, allowing for green areas, pathways, etc. * Floors: 2 * The building may have a maximum of two floors, which could be used for various commercial purposes. Considerations for Development: 1. Usage: Understand the types of businesses or commercial activities permitted under Ba3 zoning regulations. This could affect your planning and potential tenants or buyers. 2. Design: Since it€™s a corner plot, consider architectural designs that maximize visibility and accessibility from two street fronts. This is particularly advantageous for retail or service-oriented businesses. 3. Surrounding Area: Evaluate the surrounding infrastructure and demographics to gauge potential foot traffic and business viability. Feel free to ask if you need more specific guidance or details!
Commercial land Latsia, Nicosia with specific zoning and building parameters. Here's a breakdown of the key attributes based on the details you've provided: Property Details: * Location: Latsia, Cyprus * Plot Type: Corner plot (usually offers better visibility and accessibility) * Zone: Ba3 (indicative of permissible uses and building regulations specified by local zoning laws) * Building Density: 100% * This means that the total built area can be equivalent to the total area of the plot. For example, if the plot is 1000 square meters, the total floor area allowed can be up to 1000 square meters. * Coverage Density: 60% * This indicates that a maximum of 60% of the plot can be covered by buildings, which translates to some open space on the property. For instance, if the plot is 1000 square meters, then up to 600 square meters can be covered by buildings, allowing for green areas, pathways, etc. * Floors: 2 * The building may have a maximum of two floors, which could be used for various commercial purposes. Considerations for Development: 1. Usage: Understand the types of businesses or commercial activities permitted under Ba3 zoning regulations. This could affect your planning and potential tenants or buyers. 2. Design: Since it€™s a corner plot, consider architectural designs that maximize visibility and accessibility from two street fronts. This is particularly advantageous for retail or service-oriented businesses. 3. Surrounding Area: Evaluate the surrounding infrastructure and demographics to gauge potential foot traffic and business viability. Feel free to ask if you need more specific guidance or details!
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Currency Exchange
Latsia, 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 €560,000 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 |
|---|---|---|---|
| €560,000 | £461,384 | £482,070 | £20,686 |
| Property Price € | €560,000 |
| Minimum cost in the last six months | £461,384 |
| Maximum cost in the last six months | £482,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,686 |
Latsia, 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 €560,000 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 |
|---|---|---|---|
| €560,000 | £461,384 | £482,070 | £20,686 |
| Property Price € | €560,000 |
| Minimum cost in the last six months | £461,384 |
| Maximum cost in the last six months | £482,070 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,686 |
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 £20,686 more.
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