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Commercial Building in Petrou kai Pavlou, Limassol
5695, Cyprus
REF: 790638
€11,000,000
Description
Reference ID: #SA32892Price details: 11,000,000This commercial building is primely located in Apostoloi Petrou & Pavlou parish of Limassol Municipality. The immediate area is characterized by high-rise buildings, with shops on the ground floor and offices/apartments on the upper floors.The building has 7 levels, constituted of a basement, a ground floor with a mezanine and fice floors.-The ground floor and mezanine consist of a reception area, offices, kitchen, storage room, ATMs and toilets.-The first until the forth floors are similar and consist of open plan office spaces, kitchen, server rooms, storage rooms, toilets and other auxiliary spaces.-The fifth floor consists of reception area, conference rooms, file room, toilets and offices.-The basement consists of parking spaces and strong room.The property is partially rented to a major local banking institution, covering part of the basement, whole ground floor and mezzanine.The asset is located approximately 500m from B8 motorway, approximately 1.5km from Limassol communtiy centre and approximately. 2.5km from Limassol Marina.
Reference ID: #SA32892Price details: 11,000,000This commercial building is primely located in Apostoloi Petrou & Pavlou parish of Limassol Municipality. The immediate area is characterized by high-rise buildings, with shops on the ground floor and offices/apartments on the upper floors.The building has 7 levels, constituted of a basement, a ground floor with a mezanine and fice floors.-The ground floor and mezanine consist of a reception area, offices, kitchen, storage room, ATMs and toilets.-The first until the forth floors are similar and consist of open plan office spaces, kitchen, server rooms, storage rooms, toilets and other auxiliary spaces.-The fifth floor consists of reception area, conference rooms, file room, toilets and offices.-The basement consists of parking spaces and strong room.The property is partially rented to a major local banking institution, covering part of the basement, whole ground floor and mezzanine.The asset is located approximately 500m from B8 motorway, approximately 1.5km from Limassol communtiy centre and approximately. 2.5km from Limassol Marina.
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Currency Exchange
5695, 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 €11,000,000 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 |
|---|---|---|---|
| €11,000,000 | £9,150,680 | £9,466,820 | £316,140 |
| Property Price € | €11,000,000 |
| Minimum cost in the last six months | £9,150,680 |
| Maximum cost in the last six months | £9,466,820 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £316,140 |
5695, 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 €11,000,000 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 |
|---|---|---|---|
| €11,000,000 | £9,150,680 | £9,466,820 | £316,140 |
| Property Price € | €11,000,000 |
| Minimum cost in the last six months | £9,150,680 |
| Maximum cost in the last six months | £9,466,820 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £316,140 |
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 £316,140 more.
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