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Land, For Sale, Nicosia, Strovolos, Agios Vasileios
STROVOLOS, Strovolos, Cyprus
REF: 772734
€950,000
Description
Location €¢ This commercial field is situated in a central location of Agios Vasileios Quarter, in Strovolos Municipality. €¢ It is located within a short walking distance from Strovolos Town Hall. €¢ The area, is characterised by commercial and residential activities and offers a variety of amenities and facilities such as schools, supermarkets, many shops and other services. Land Characteristics €¢ The field has an area of 2.074sqm with irregular shape and a level surface. €¢ It borders two public roads with a frontage of 20 metres and 10 metres, respectively. €¢ It falls within the planning zone Eβ5 with building density 120% and building coverage 50%. that can be built up to three floors. €¢ With the right planning permission, the property could be utilised and developed in a commercial three-storey building of mixed or commercial use. €¢ This property is bordered by government-owned land on its southwestern border. €¢ The property is affected by a road widening scheme of approximately 27sqm. Advantages - Special Features €¢ Large commercial field in a high demand location. €¢ It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storage rooms on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storage rooms.
Location €¢ This commercial field is situated in a central location of Agios Vasileios Quarter, in Strovolos Municipality. €¢ It is located within a short walking distance from Strovolos Town Hall. €¢ The area, is characterised by commercial and residential activities and offers a variety of amenities and facilities such as schools, supermarkets, many shops and other services. Land Characteristics €¢ The field has an area of 2.074sqm with irregular shape and a level surface. €¢ It borders two public roads with a frontage of 20 metres and 10 metres, respectively. €¢ It falls within the planning zone Eβ5 with building density 120% and building coverage 50%. that can be built up to three floors. €¢ With the right planning permission, the property could be utilised and developed in a commercial three-storey building of mixed or commercial use. €¢ This property is bordered by government-owned land on its southwestern border. €¢ The property is affected by a road widening scheme of approximately 27sqm. Advantages - Special Features €¢ Large commercial field in a high demand location. €¢ It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storage rooms on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storage rooms.
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Currency Exchange
STROVOLOS, Strovolos, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
STROVOLOS, Strovolos, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
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 £33,773 more.
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