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Building, For Sale, Nicosia, Walled Old City
Walled Old City, Cyprus
REF: 769493
€1,500,000
Description
The building is fully renovated lately with modern materials and facilities and it is Rented to a very good company with a long term agreement. The [%] yield is very good considering the selling price and the income of the building. The building has a total area of 606m2 inside, located at a very busy central area with great visibility. The building comprises of a basement including storerooms and parking, ground floor, mezzanine and first floor. The property has an unused building density of approximately 398m2 extra floor. 15 parking spaces in total, 13 on basement and 2 on the ground floor level and three store rooms are available at basement level. The street enjoys good accessibility to Nicosia center and the surrounding areas. For more information please do not hesitate to contact me.
The building is fully renovated lately with modern materials and facilities and it is Rented to a very good company with a long term agreement. The [%] yield is very good considering the selling price and the income of the building. The building has a total area of 606m2 inside, located at a very busy central area with great visibility. The building comprises of a basement including storerooms and parking, ground floor, mezzanine and first floor. The property has an unused building density of approximately 398m2 extra floor. 15 parking spaces in total, 13 on basement and 2 on the ground floor level and three store rooms are available at basement level. The street enjoys good accessibility to Nicosia center and the surrounding areas. For more information please do not hesitate to contact me.
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Currency Exchange
Walled Old City, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
Walled Old City, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
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 £46,710 more.
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