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Building, For Sale, Larnaca, Larnaca Center, Faneromeni
Faneromenis 102, Larnaca 6031, Cyprus, Larnaca Center, Cyprus
REF: 802843
€3,500,000
Description
Corner Mixed-use 2 Floors Building of 1.271sqm. total internal area on a plot of 1.037sqm. in Faneromeni. - Ground Floor: 7 Shops - 9 Parking spaces - 1st Floor: 3 Fully Renovated Apartments/offices - Roof top: 82sqm. storage room The combined rental income is ‚150.000/year and it is guaranteed for 3 years. The property is in zone Eb4 with building density 140%, coverage 50% and 4 floors allowance, so there is extra unused building density (180sqm.) Photovoltaics 14.58 KW are in place for Office No 11 and the common areas. The building is excellent corner located close to all the amenities and offers unique visibility and excellent accessibility. For more information you can contact us.
Corner Mixed-use 2 Floors Building of 1.271sqm. total internal area on a plot of 1.037sqm. in Faneromeni. - Ground Floor: 7 Shops - 9 Parking spaces - 1st Floor: 3 Fully Renovated Apartments/offices - Roof top: 82sqm. storage room The combined rental income is ‚150.000/year and it is guaranteed for 3 years. The property is in zone Eb4 with building density 140%, coverage 50% and 4 floors allowance, so there is extra unused building density (180sqm.) Photovoltaics 14.58 KW are in place for Office No 11 and the common areas. The building is excellent corner located close to all the amenities and offers unique visibility and excellent accessibility. For more information you can contact us.
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Currency Exchange
Faneromenis 102, Larnaca 6031, Cyprus, Larnaca Center, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £3,008,075 | £124,425 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,425 |
Faneromenis 102, Larnaca 6031, Cyprus, Larnaca Center, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £3,008,075 | £124,425 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,425 |
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 £124,425 more.
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