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Building, For Sale, Nicosia, Walled Old City, Trypiotis
Walled Old City, Cyprus
REF: 772720
€3,000,000
Description
This is a huge investment opportunity.An iconic 8 level building right in the heart of Nicosia consisting of 17 units.At the ground-floor there are 5 shops, some in very good condition, and some in the need of renovation.Also at ground-floor and 1st floor, there is a 650sqm of office space, suitable for a variety of purposes.Floors 2, 3, 4, 5 and 6 feature 2 apartments each (a 2-bedroom and a 3-bedroom) and at the 7th floor, there is a 336sqm penthouse. Most of the apartment would benefit from a renovation.The views from the higher levels of the building are magnificent.The whole building adds up to 2,329sqm of internal areas.The building features a clear title deed and a final approval by the municipality.
This is a huge investment opportunity.An iconic 8 level building right in the heart of Nicosia consisting of 17 units.At the ground-floor there are 5 shops, some in very good condition, and some in the need of renovation.Also at ground-floor and 1st floor, there is a 650sqm of office space, suitable for a variety of purposes.Floors 2, 3, 4, 5 and 6 feature 2 apartments each (a 2-bedroom and a 3-bedroom) and at the 7th floor, there is a 336sqm penthouse. Most of the apartment would benefit from a renovation.The views from the higher levels of the building are magnificent.The whole building adds up to 2,329sqm of internal areas.The building features a clear title deed and a final approval by the municipality.
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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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
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 £132,570 more.
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