Building, For Sale, Nicosia, Strovolos

Strovolos, Cyprus

For Sale

€2,100,000

REF: 797762 €2,100,000


Description

The asset is a commercial building in Strovolos municipality, Nicosia district. The building comprises of a ground floor showroom of 550sqm with mezzanine showroom and offices of 275 sqm, a first floor office space of a 515sqm and a basement of 800sqm used as a parking area and storage space.  The surrounding area of the asset is developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.

Strovolos Avenue is one of the main commercial roads of Nicosia and thus the asset benefits from excellent visibility. The shop enjoys great accessibility to the surrounding areas and Nicosia city centre. The asset falls within the Εβ3 commercial planning zone, with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24m. 
The asset is a commercial building in Strovolos municipality, Nicosia district. The building comprises of a ground floor showroom of 550sqm with mezzanine showroom and offices of 275 sqm, a first floor office space of a 515sqm and a basement of 800sqm used as a parking area and storage space.  The surrounding area of the asset is developed with commercial buildings, offices, showrooms and buildings of mixed commercial and residential use.

Strovolos Avenue is one of the main commercial roads of Nicosia and thus the asset benefits from excellent visibility. The shop enjoys great accessibility to the surrounding areas and Nicosia city centre. The asset falls within the Εβ3 commercial planning zone, with building density coefficient of 160%, coverage coefficient 50%, in 6 floors and a maximum height of 24m. 
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Property on Map

#17175

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 €2,100,000 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
€2,100,000 £1,730,190 £1,804,845 £74,655
Property Price € €2,100,000
Minimum cost in the last six months £1,730,190
Maximum cost in the last six months £1,804,845
Fluctuating exchange rates over the last six months could have increased the cost of this property by £74,655

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 €2,100,000 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
€2,100,000 £1,730,190 £1,804,845 £74,655
Property Price € €2,100,000
Minimum cost in the last six months £1,730,190
Maximum cost in the last six months £1,804,845
Fluctuating exchange rates over the last six months could have increased the cost of this property by £74,655

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 £74,655 more.

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