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Building, For Sale, Nicosia, Strovolos
Strovolos, Cyprus
REF: 770234
€1,600,000
Description
Mixed-use building in Strovolos, Nicosia for Location · The building is located in Strovolos, in one of a great visibility area within walking distance to the English School and to many of amenities and services.External Features · The property is a five-storey mixed-use building in Strovolos.Internal Characteristics · The building consists of a shop with mezzanine and a small office area on the ground floor, offices on the four upper floors and two basements used as parking places. · The building has a total covered area of 937sqm. · The ground floor has an area of 214qm, the mezzanine has an area of 107 sqm and the four upper floors have an area of 154sqm each. · The two basements have an area of 270sqm each. · The property is close to public services, retail stores, offices, and amenities.Advantages - Special Features · Large mix use building in a high demanded and of great visibility area with easy access to the Nicosia city center.
Mixed-use building in Strovolos, Nicosia for Location · The building is located in Strovolos, in one of a great visibility area within walking distance to the English School and to many of amenities and services.External Features · The property is a five-storey mixed-use building in Strovolos.Internal Characteristics · The building consists of a shop with mezzanine and a small office area on the ground floor, offices on the four upper floors and two basements used as parking places. · The building has a total covered area of 937sqm. · The ground floor has an area of 214qm, the mezzanine has an area of 107 sqm and the four upper floors have an area of 154sqm each. · The two basements have an area of 270sqm each. · The property is close to public services, retail stores, offices, and amenities.Advantages - Special Features · Large mix use building in a high demanded and of great visibility area with easy access to the Nicosia city center.
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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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,318,240 | £1,375,120 | £56,880 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,318,240 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,880 |
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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,318,240 | £1,375,120 | £56,880 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,318,240 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,880 |
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 £56,880 more.
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