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Commercial Warehouse in Ypsonas, Limassol
5664, Cyprus
REF: 792140
€1,400,000
Description
Reference ID: #SA33494Price details: 1,400,000Rented industrial units for sale, income producing asset with a return of about 7%.This is a prefabricated concrete products industrial unit, erected within a leasehold government land and located in the 3rd industrial zone of Ypsonas Municipality Limassol.As a result, factories, industrial warehouses and buildings are located within the immediate area.The building comprises of a production area and a storage area. An administrative space comprising of an office with an en-suite toilet, a small kitchen, two toilets and a warehouse area.The property comprises of 2 buildings, erected during years 2006-2007, with a total area of 2.200 sq.m.The buildings are designed with steel frame structure and brick walls externally.The government leasehold lasts for 33 years, starting from 1/9/2006 and expiring on 31/08/2039.The current lease amount is EUR 23.003,99 per year, and the leaseholder can extend the agreement for additional 33-years periods i.e. Yr.2105The asset is located approximately 7.9km from Limassol General Hospital, approximately 15km from Limassol city centre and approximately 4.5km from A6 motorway.The property falls within Zone E 3, with a building coefficient of 80%, coverage of 60%, and permission for 2 floors (0m) of construction.The property is subject to a partial vat treatment which the land value will be subject to 19% vat and the rest of the sale price will be subject to transfer fees.
Reference ID: #SA33494Price details: 1,400,000Rented industrial units for sale, income producing asset with a return of about 7%.This is a prefabricated concrete products industrial unit, erected within a leasehold government land and located in the 3rd industrial zone of Ypsonas Municipality Limassol.As a result, factories, industrial warehouses and buildings are located within the immediate area.The building comprises of a production area and a storage area. An administrative space comprising of an office with an en-suite toilet, a small kitchen, two toilets and a warehouse area.The property comprises of 2 buildings, erected during years 2006-2007, with a total area of 2.200 sq.m.The buildings are designed with steel frame structure and brick walls externally.The government leasehold lasts for 33 years, starting from 1/9/2006 and expiring on 31/08/2039.The current lease amount is EUR 23.003,99 per year, and the leaseholder can extend the agreement for additional 33-years periods i.e. Yr.2105The asset is located approximately 7.9km from Limassol General Hospital, approximately 15km from Limassol city centre and approximately 4.5km from A6 motorway.The property falls within Zone E 3, with a building coefficient of 80%, coverage of 60%, and permission for 2 floors (0m) of construction.The property is subject to a partial vat treatment which the land value will be subject to 19% vat and the rest of the sale price will be subject to transfer fees.
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Currency Exchange
5664, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,159,634 | £1,203,230 | £43,596 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,159,634 |
| Maximum cost in the last six months | £1,203,230 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,596 |
5664, 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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,159,634 | £1,203,230 | £43,596 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,159,634 |
| Maximum cost in the last six months | £1,203,230 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,596 |
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 £43,596 more.
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