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Building, For Sale, Nicosia, Walled Old City
Walled Old City, Cyprus
REF: 769783
€850,000
Description
For Sale 4 FLOOR BUILDING IN LEDRA STREET IN NICOSIA Location €¢ The building is constructed in such a way that one side looks at Solomos Square and the other side looks at Ledras Street. €¢ The location is super. €¢ Within walking distance, one can find a supermarket, private hospital, public and private schools, and Eleftherias Square. External Features €¢ The building is located next to the most popular pedestrian pathway. of Eleftherias Square. €¢ It is on elevated land affording nice views of the city especially from the upper floors looking down at the new build Zaha Hadid Square. €¢ It is a small building of 4 floors with 6 apartments (two per floor) and 2 commercial shops. €¢ The building is 63 years old, and its external looks are modern and impressive it is regularly renovated by the government to keep and sustain the square. Internal Characteristics €¢ There is 2-floors which are ed out to people for stay, each floor consists of 4 and 2 bedroom €˜apartments€™ accordingly. (Total 6 apartments) €¢ The whole building is ed out and makes 34,200 per year. €¢ You are able to extend the contracts or renew them accordingly. Advantages Special Features €¢ Top location!
For Sale 4 FLOOR BUILDING IN LEDRA STREET IN NICOSIA Location €¢ The building is constructed in such a way that one side looks at Solomos Square and the other side looks at Ledras Street. €¢ The location is super. €¢ Within walking distance, one can find a supermarket, private hospital, public and private schools, and Eleftherias Square. External Features €¢ The building is located next to the most popular pedestrian pathway. of Eleftherias Square. €¢ It is on elevated land affording nice views of the city especially from the upper floors looking down at the new build Zaha Hadid Square. €¢ It is a small building of 4 floors with 6 apartments (two per floor) and 2 commercial shops. €¢ The building is 63 years old, and its external looks are modern and impressive it is regularly renovated by the government to keep and sustain the square. Internal Characteristics €¢ There is 2-floors which are ed out to people for stay, each floor consists of 4 and 2 bedroom €˜apartments€™ accordingly. (Total 6 apartments) €¢ The whole building is ed out and makes 34,200 per year. €¢ You are able to extend the contracts or renew them accordingly. Advantages Special Features €¢ Top location!
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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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £730,533 | £30,218 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,218 |
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 €850,000 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 |
|---|---|---|---|
| €850,000 | £700,315 | £730,533 | £30,218 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £700,315 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,218 |
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 £30,218 more.
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