Building, For Sale, Nicosia, Strovolos

Strovolos, Cyprus

For Sale

€5,125,000

REF: 772854 €5,125,000


Description

Commercial Building for (ex-Fasouliotes furniture showroom) in a prime location in Strovolos, next to Metro Supermarket, close to Jumbo Shop and with easy access to the highway and good visibility on one of the busiest roads of Nicosia.The building is built on land of about 6423 sq.m. The building has 3,500 sq.m of internal areas, of which about 2,500 sq.m is office space/showroom and the remaining 1,000 sq.m is storage space. It offers about 100 parking spaces .

The office space is spread on two floors of 1,250 sq.m. each. The warehouse is of single level and is of metal construction. The building is ideal for conversion to a medical clinic. It is also suitable for a supermarket or large showrooms, serviced offices, home centre, private school, venue for parties, warehouse , gym etc. The land possesses building density for about 3,000 additional square meters, which provides flexibility for additional areas.The owners are flexible to examine various options for cooperation. ie it can be ed independently (ground floor 1st floor).   
Commercial Building for (ex-Fasouliotes furniture showroom) in a prime location in Strovolos, next to Metro Supermarket, close to Jumbo Shop and with easy access to the highway and good visibility on one of the busiest roads of Nicosia.The building is built on land of about 6423 sq.m. The building has 3,500 sq.m of internal areas, of which about 2,500 sq.m is office space/showroom and the remaining 1,000 sq.m is storage space. It offers about 100 parking spaces .

The office space is spread on two floors of 1,250 sq.m. each. The warehouse is of single level and is of metal construction. The building is ideal for conversion to a medical clinic. It is also suitable for a supermarket or large showrooms, serviced offices, home centre, private school, venue for parties, warehouse , gym etc. The land possesses building density for about 3,000 additional square meters, which provides flexibility for additional areas.The owners are flexible to examine various options for cooperation. ie it can be ed independently (ground floor 1st floor).   
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Property on Map

#5631

Currency Exchange

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 €5,125,000 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
€5,125,000 £4,222,488 £4,404,681 £182,194
Property Price € €5,125,000
Minimum cost in the last six months £4,222,488
Maximum cost in the last six months £4,404,681
Fluctuating exchange rates over the last six months could have increased the cost of this property by £182,194

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 €5,125,000 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
€5,125,000 £4,222,488 £4,404,681 £182,194
Property Price € €5,125,000
Minimum cost in the last six months £4,222,488
Maximum cost in the last six months £4,404,681
Fluctuating exchange rates over the last six months could have increased the cost of this property by £182,194

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 £182,194 more.

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