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Land, For Sale, Nicosia, Strovolos, Acropolis
Strovolos, Cyprus
REF: 766889
€450,000
Description
For Sale Commercial plot of 521sqm in Acropolis area near the Ministry of Education Suitable for development of an office, residential or mixed use building. Existing old building needs to be demolished. Location · This plot is in a top location in Acropolis, close to all amenities. · Within walking distance, one can find banks, supermarkets, public and private schools, restaurants and cafeterias. · Acropolis is one of the best areas of Nicosia with very easy access to the city center. · Many companies have their head offices in the area. · Easy access is also available for the Nicosia Limassol highway. Plot Characteristics · Plot size 521sqm. · The plot is located on a commercial road. · It falls within residential zone KΓ3. · Building density of 140%. · Coverage of 50%. · Allowance for 4 floors with 17m height Advantages - Special Features · Top location. · Ideal for office building development.
For Sale Commercial plot of 521sqm in Acropolis area near the Ministry of Education Suitable for development of an office, residential or mixed use building. Existing old building needs to be demolished. Location · This plot is in a top location in Acropolis, close to all amenities. · Within walking distance, one can find banks, supermarkets, public and private schools, restaurants and cafeterias. · Acropolis is one of the best areas of Nicosia with very easy access to the city center. · Many companies have their head offices in the area. · Easy access is also available for the Nicosia Limassol highway. Plot Characteristics · Plot size 521sqm. · The plot is located on a commercial road. · It falls within residential zone KΓ3. · Building density of 140%. · Coverage of 50%. · Allowance for 4 floors with 17m height Advantages - Special Features · Top location. · Ideal for office building development.
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Currency Exchange
Strovolos, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £370,755 | £386,753 | £15,998 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £370,755 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,998 |
Strovolos, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £370,755 | £386,753 | £15,998 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £370,755 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,998 |
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 £15,998 more.
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