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Building, For Sale, Limassol, Agia Paraskevi
Agia Paraskevi, Cyprus
REF: 771347
€2,020,000
Description
This small block of four different 2-bedroom units in Limassol, has all the features that make it an ideal investment real estate. The property is located in a quiet residential neighbourhood in Germasogeia, one of the prime areas in Limassol, only 2km from the nearest organized sandy beach. All everyday amenities from banks and supermarkets to shops and restaurants are less than 1km from the property. In addition, easy access to the highway makes it an ideal base for commuters or regular travellers, as it is midway between the two airports in Larnaca and Pafos, both around 50km away. The 3-storey block is marked by its contemporary, simple lines and houses 2 duplexes across the ground and first floor, each with 2 ensuite bedrooms and an open-plan living area. The third unit is on the first floor, while the fourth unit is the penthouse on the second floor, with its vast uncovered veranda. As such, the property offers a variety of 2-bedroom configurations to suit different purposes and preferences. Every aspect of design, construction and finishing is geared towards comfort in an urban Mediterranean environment: Elegant entrance lobby, bright interiors, cool superior finishing materials, double glazed windows, ample fitted kitchen cabinets and appliances as well as bedroom wardrobes. Solar heating and split unit air-conditioning are also fully installed. For each unit there is a designated underground parking space, and the building provides an additional ground floor parking spot for the disabled. A communal roof terrace on the third floor offers residents a place to meet and enjoy the uninterrupted sea view, and a cool escape for evenings under the stars. Seen as a whole, this is an investment proposition with vast potential. Whether for own use for an extended family, or for short- or long-term rental revenue, Easymal will appeal to both the local and expatriate market. It is particularly recommended for buyers seeking eligibility for the residency by investment scheme.
This small block of four different 2-bedroom units in Limassol, has all the features that make it an ideal investment real estate. The property is located in a quiet residential neighbourhood in Germasogeia, one of the prime areas in Limassol, only 2km from the nearest organized sandy beach. All everyday amenities from banks and supermarkets to shops and restaurants are less than 1km from the property. In addition, easy access to the highway makes it an ideal base for commuters or regular travellers, as it is midway between the two airports in Larnaca and Pafos, both around 50km away. The 3-storey block is marked by its contemporary, simple lines and houses 2 duplexes across the ground and first floor, each with 2 ensuite bedrooms and an open-plan living area. The third unit is on the first floor, while the fourth unit is the penthouse on the second floor, with its vast uncovered veranda. As such, the property offers a variety of 2-bedroom configurations to suit different purposes and preferences. Every aspect of design, construction and finishing is geared towards comfort in an urban Mediterranean environment: Elegant entrance lobby, bright interiors, cool superior finishing materials, double glazed windows, ample fitted kitchen cabinets and appliances as well as bedroom wardrobes. Solar heating and split unit air-conditioning are also fully installed. For each unit there is a designated underground parking space, and the building provides an additional ground floor parking spot for the disabled. A communal roof terrace on the third floor offers residents a place to meet and enjoy the uninterrupted sea view, and a cool escape for evenings under the stars. Seen as a whole, this is an investment proposition with vast potential. Whether for own use for an extended family, or for short- or long-term rental revenue, Easymal will appeal to both the local and expatriate market. It is particularly recommended for buyers seeking eligibility for the residency by investment scheme.
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Currency Exchange
Agia Paraskevi, 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 €2,020,000 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 |
|---|---|---|---|
| €2,020,000 | £1,673,186 | £1,736,089 | £62,903 |
| Property Price € | €2,020,000 |
| Minimum cost in the last six months | £1,673,186 |
| Maximum cost in the last six months | £1,736,089 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,903 |
Agia Paraskevi, 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 €2,020,000 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 |
|---|---|---|---|
| €2,020,000 | £1,673,186 | £1,736,089 | £62,903 |
| Property Price € | €2,020,000 |
| Minimum cost in the last six months | £1,673,186 |
| Maximum cost in the last six months | £1,736,089 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,903 |
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 £62,903 more.
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