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Building, For Sale, Nicosia, Walled Old City, Agios Savvas
Walled Old City, Cyprus
REF: 770237
€2,400,000
Description
Investment opportunity in one fo the best locations in town. The asset near Eleftherias Square consists of two adjacent buildings at the entrance of Ledras street Nicosia. It is located on a corner that abuts onto Ledras, Rigenis and Fokionos Streets. The primary building is situated on a plot of land of 501sqm and consists of a basement of 489sqm, a mezzanine of 260sqm, a GF of 424sqm, a 1st floor with a covered area of 417qm and uncovered 7sqm, a 2nd floor with a covered area of 403qm and 34sqm uncovered and a 3rd floor with a covered area of 353sqm and uncovered of 63sqm. The secondary building is situated on a plot of land of 81sqm and consists of a GF of 67sqm and a 1st floor of 55sqm covered area. The immediate area of the asset comprises of commercial developments. Partially occupied.
Investment opportunity in one fo the best locations in town. The asset near Eleftherias Square consists of two adjacent buildings at the entrance of Ledras street Nicosia. It is located on a corner that abuts onto Ledras, Rigenis and Fokionos Streets. The primary building is situated on a plot of land of 501sqm and consists of a basement of 489sqm, a mezzanine of 260sqm, a GF of 424sqm, a 1st floor with a covered area of 417qm and uncovered 7sqm, a 2nd floor with a covered area of 403qm and 34sqm uncovered and a 3rd floor with a covered area of 353sqm and uncovered of 63sqm. The secondary building is situated on a plot of land of 81sqm and consists of a GF of 67sqm and a 1st floor of 55sqm covered area. The immediate area of the asset comprises of commercial developments. Partially occupied.
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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 €2,400,000 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 |
|---|---|---|---|
| €2,400,000 | £1,977,360 | £2,062,680 | £85,320 |
| Property Price € | €2,400,000 |
| Minimum cost in the last six months | £1,977,360 |
| Maximum cost in the last six months | £2,062,680 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £85,320 |
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 €2,400,000 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 |
|---|---|---|---|
| €2,400,000 | £1,977,360 | £2,062,680 | £85,320 |
| Property Price € | €2,400,000 |
| Minimum cost in the last six months | £1,977,360 |
| Maximum cost in the last six months | £2,062,680 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £85,320 |
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 £85,320 more.
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