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The development is situated in an exceptionally advantageous location and boasts easy accessibility via Dimokratias andAnexartisias avenues, merely a minute's drive from the highway, facilitating connectivity to other cities The beach isconveniently reachable within a 5 minute drive
Pano Paphos - Up Town, Paphos, Cyprus
REF: 790045
€6,000,000
Description
The development is situated in an exceptionally advantageous location and boasts easy accessibility via Dimokratias andAnexartisias avenues, merely a minute's drive from the highway, facilitating connectivity to other cities The beach isconveniently reachable within a 5 minute drive. The surrounding area encompasses shopping malls, supermarkets, hospitals, universities, and schools Notably, the area has experienced a significant surge in various investments focused on commercial developments. The development comprises FIVE plots. The initial plot was used for the construction of the building, while the remaining four plotscollectively provide space for a total of 72 parking spaces. This exceptional 9 floor building is designed with a distinctive architectural feature, setting it apart from traditional structures. Each floor boasts a spacious and open layout without the presence of columns in the middle. The structural integrity is achieved through strategically placed load bearing walls, providing not only a modern aesthetic but also maximizing the flexibility of interior spaces. This design innovation enhances the overall functionality, making it a standout choice for prospective buyers. The versatility of the development and the open plan design, allows the building to have many potential uses such as retail, offices, medical center, student accommodation, school, university, and more. Building features: 2 Elevators (1 panoramic)Fully Airconditioned2 emergency staircases (1 indoor, 1 outdoor)10 toilets | 2 bathroomsRoof garden areaFully functional commercial kitchenExtensive emergency fire systemsServer RoomK NX lighting controlFull sound system The entirety of the building is presently utilized by the owners as a retail department store. The ground floor features a cafeteria equipped with a fully operational commercial kitchen. Total land area: 3176 m Building Plot: 793 m Building Size: 3771 m
The development is situated in an exceptionally advantageous location and boasts easy accessibility via Dimokratias andAnexartisias avenues, merely a minute's drive from the highway, facilitating connectivity to other cities The beach isconveniently reachable within a 5 minute drive. The surrounding area encompasses shopping malls, supermarkets, hospitals, universities, and schools Notably, the area has experienced a significant surge in various investments focused on commercial developments. The development comprises FIVE plots. The initial plot was used for the construction of the building, while the remaining four plotscollectively provide space for a total of 72 parking spaces. This exceptional 9 floor building is designed with a distinctive architectural feature, setting it apart from traditional structures. Each floor boasts a spacious and open layout without the presence of columns in the middle. The structural integrity is achieved through strategically placed load bearing walls, providing not only a modern aesthetic but also maximizing the flexibility of interior spaces. This design innovation enhances the overall functionality, making it a standout choice for prospective buyers. The versatility of the development and the open plan design, allows the building to have many potential uses such as retail, offices, medical center, student accommodation, school, university, and more. Building features: 2 Elevators (1 panoramic)Fully Airconditioned2 emergency staircases (1 indoor, 1 outdoor)10 toilets | 2 bathroomsRoof garden areaFully functional commercial kitchenExtensive emergency fire systemsServer RoomK NX lighting controlFull sound system The entirety of the building is presently utilized by the owners as a retail department store. The ground floor features a cafeteria equipped with a fully operational commercial kitchen. Total land area: 3176 m Building Plot: 793 m Building Size: 3771 m
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Currency Exchange
Pano Paphos - Up Town, Paphos, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,991,280 | £5,163,720 | £172,440 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,991,280 |
| Maximum cost in the last six months | £5,163,720 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £172,440 |
Pano Paphos - Up Town, Paphos, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,991,280 | £5,163,720 | £172,440 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,991,280 |
| Maximum cost in the last six months | £5,163,720 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £172,440 |
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 £172,440 more.
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