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Building, For Sale, Nicosia, Nicosia Center, Lykavitos
Nicosia Center, Cyprus
REF: 770146
€1,300,000
Description
For mixed-use building suitable for investment, situated in a central location in Lykavitos, close to amenities. Although built in 1996, the property is well-maintained. The building comprises of 3 floors with only 6 units. More specifically, it consists of 2-bed and 3-bed apartments on the ground floor and other floors, all with individual title deeds, as well as shop on the semi-ground floor. The apartments are in excellent condition and comprise of living with dining room, separate kitchen with open-plan space for lounge/ dining area, 2 WCs, spacious bedrooms and covered verandas. Shop: 126sq.m 3-bed flats: 173sq.m Ground floor 3-bed flat: 190sq.m 2-bed flats: 113sq.m Ground floor 2-bed flat: 128sq.m All apartments are cur ly ed out. Access to the building using a lift at the basement. Covered parking space for 6 cars at the basement. Recent valuation available.
For mixed-use building suitable for investment, situated in a central location in Lykavitos, close to amenities. Although built in 1996, the property is well-maintained. The building comprises of 3 floors with only 6 units. More specifically, it consists of 2-bed and 3-bed apartments on the ground floor and other floors, all with individual title deeds, as well as shop on the semi-ground floor. The apartments are in excellent condition and comprise of living with dining room, separate kitchen with open-plan space for lounge/ dining area, 2 WCs, spacious bedrooms and covered verandas. Shop: 126sq.m 3-bed flats: 173sq.m Ground floor 3-bed flat: 190sq.m 2-bed flats: 113sq.m Ground floor 2-bed flat: 128sq.m All apartments are cur ly ed out. Access to the building using a lift at the basement. Covered parking space for 6 cars at the basement. Recent valuation available.
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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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,071,070 | £1,128,517 | £57,447 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,071,070 |
| Maximum cost in the last six months | £1,128,517 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,447 |
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,071,070 | £1,128,517 | £57,447 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,071,070 |
| Maximum cost in the last six months | £1,128,517 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,447 |
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 £57,447 more.
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