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Building, For Sale, Nicosia, Walled Old City
Walled Old City, Cyprus
REF: 771178
€590,000
Description
The asset is about a 4-storey building with basement in Agios Antonios, Nicosia. The building has an area of c. 866sqm and consists of a basement, shop on the ground floor, offices on the 1st and 2nd floors and a flat on the 3rd floor. The basement is c. 188sqm, is used as a storage space and is accessed via a staircase from the ground floor shop. The ground floor is c. 174sqm and consists of a shop and an office. Staircases lead to the upper floors and the basement. The 1st floor is c. 173 sq.m and consists of 4 office areas, kitchenette and a toilet. The 2nd floor is c. 170 sq.m and consists of 2 office areas with ceramic tiles on parts of the walls and has a small balcony along the façade of the building. The 3rd floor is c. 161 sq.m and is an apartment that consists of a living area with a fireplace, kitchen, dining area, toilet, and 3 bedrooms. The apartment also has a balcony along the façade of the building. The surrounding area consists of old buildings with shops on the ground floor and residential units on the upper floors. The asset falls within residential planning zone Kα-α with a building density coefficient of 140%, coverage coefficient of 70%, in 2 floors and a maximum height of 8m.
The asset is about a 4-storey building with basement in Agios Antonios, Nicosia. The building has an area of c. 866sqm and consists of a basement, shop on the ground floor, offices on the 1st and 2nd floors and a flat on the 3rd floor. The basement is c. 188sqm, is used as a storage space and is accessed via a staircase from the ground floor shop. The ground floor is c. 174sqm and consists of a shop and an office. Staircases lead to the upper floors and the basement. The 1st floor is c. 173 sq.m and consists of 4 office areas, kitchenette and a toilet. The 2nd floor is c. 170 sq.m and consists of 2 office areas with ceramic tiles on parts of the walls and has a small balcony along the façade of the building. The 3rd floor is c. 161 sq.m and is an apartment that consists of a living area with a fireplace, kitchen, dining area, toilet, and 3 bedrooms. The apartment also has a balcony along the façade of the building. The surrounding area consists of old buildings with shops on the ground floor and residential units on the upper floors. The asset falls within residential planning zone Kα-α with a building density coefficient of 140%, coverage coefficient of 70%, in 2 floors and a maximum height of 8m.
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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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
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 €590,000 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 |
|---|---|---|---|
| €590,000 | £488,703 | £507,076 | £18,373 |
| Property Price € | €590,000 |
| Minimum cost in the last six months | £488,703 |
| Maximum cost in the last six months | £507,076 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,373 |
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 £18,373 more.
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