Building, For Sale, Nicosia, Nicosia Center, Lykavitos

Nicosia Center, Cyprus

For Sale

€2,800,000

REF: 771924 €2,800,000


Description

This investment offers a very good yield. The building is located at the most business central location with good visibility and easy access. It consists of one large showroom of 399sq.m. including the middle open floor, first floor of 254 sq.m.plus 6sq.m. veranda, second floor 254 sq.m. third floor 254 sq.m., fourth floor 210 sq.m.

plus 50sq.m. veranda.The building also offers 5+ parking spaces for the showroom, a basement of 343 sq.m. area with 12 parking spaces, plus second basement 463 sq.m. for warehouse or workshop. The building over all is very well maintained and it has a very good quality construction standards. The building has completed the procedure for the final approval. The building is already occupied as offices and shop and it is ready for use. Please contact me directly for more information or to arrange a viewing.
This investment offers a very good yield. The building is located at the most business central location with good visibility and easy access. It consists of one large showroom of 399sq.m. including the middle open floor, first floor of 254 sq.m.plus 6sq.m. veranda, second floor 254 sq.m. third floor 254 sq.m., fourth floor 210 sq.m.

plus 50sq.m. veranda.The building also offers 5+ parking spaces for the showroom, a basement of 343 sq.m. area with 12 parking spaces, plus second basement 463 sq.m. for warehouse or workshop. The building over all is very well maintained and it has a very good quality construction standards. The building has completed the procedure for the final approval. The building is already occupied as offices and shop and it is ready for use. Please contact me directly for more information or to arrange a viewing.
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Property on Map

#16497

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 €2,800,000 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
€2,800,000 £2,306,920 £2,406,460 £99,540
Property Price € €2,800,000
Minimum cost in the last six months £2,306,920
Maximum cost in the last six months £2,406,460
Fluctuating exchange rates over the last six months could have increased the cost of this property by £99,540

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 €2,800,000 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
€2,800,000 £2,306,920 £2,406,460 £99,540
Property Price € €2,800,000
Minimum cost in the last six months £2,306,920
Maximum cost in the last six months £2,406,460
Fluctuating exchange rates over the last six months could have increased the cost of this property by £99,540

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 £99,540 more.

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