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Commercial Office in City Center, Limassol
5687, Cyprus
REF: 807887
€4,500,000
Description
Reference ID: #SA30354Price details: 4,500,000One of the largest office spaces in the city, the property is located on the entire first floor, right in the heart of Limassol. Built in 2012 and designed to the highest architectural practices and standards, it captures the very essence of sophistication and luxury exactly what you would expect from a high-end property.Total covered area: 847 sq.mCovered verandas: 25 sq.mFloor: 1stMax. Capacity: 150 personsParking Spaces: 12Year Built: 2012Situated in the heart of Limassol s business centre, only 300 metres from the sea, this luxurious commercial office space is suitable for a variety of business opportunities. The property is within walking distance to all amenities, schools, banks, and museums, as well as the Old Town and Limassol Marina to the west and the District Court and Municipal Garden to the east. CCTV monitoring to entrance doors and underground car parking;Underfloor hideaway for electrical cabling and communications and network wiring;Overhead VRV cooling/heating, ventilation and daylighting systems;A controlled-access, luxurious and fully air-conditioned reception with spacious sitting area;State-of-the-art access control systems at all building entrances;A state-of-the-art fire detection system connected to the BM;Italian-made 42kVA generator dedicated to back up electricity in the event of a main supply failure;2 boardroom-style conference rooms, seating 8 and 20 participants;Fully air-conditioned server room with rack for IT equipment and electricity distribution board;27 zone-controlled HVAC points, allowing for heating and cooling of individual office spaces;Shared kitchen, comfortable break room and 8 male/female WC facilities for staff and guests;The property includes secured, private and covered parking in the basement for 12 cars. Currently, the office is rented out with a yield of 5,5% and it is considered as a good choice for investment.
Reference ID: #SA30354Price details: 4,500,000One of the largest office spaces in the city, the property is located on the entire first floor, right in the heart of Limassol. Built in 2012 and designed to the highest architectural practices and standards, it captures the very essence of sophistication and luxury exactly what you would expect from a high-end property.Total covered area: 847 sq.mCovered verandas: 25 sq.mFloor: 1stMax. Capacity: 150 personsParking Spaces: 12Year Built: 2012Situated in the heart of Limassol s business centre, only 300 metres from the sea, this luxurious commercial office space is suitable for a variety of business opportunities. The property is within walking distance to all amenities, schools, banks, and museums, as well as the Old Town and Limassol Marina to the west and the District Court and Municipal Garden to the east. CCTV monitoring to entrance doors and underground car parking;Underfloor hideaway for electrical cabling and communications and network wiring;Overhead VRV cooling/heating, ventilation and daylighting systems;A controlled-access, luxurious and fully air-conditioned reception with spacious sitting area;State-of-the-art access control systems at all building entrances;A state-of-the-art fire detection system connected to the BM;Italian-made 42kVA generator dedicated to back up electricity in the event of a main supply failure;2 boardroom-style conference rooms, seating 8 and 20 participants;Fully air-conditioned server room with rack for IT equipment and electricity distribution board;27 zone-controlled HVAC points, allowing for heating and cooling of individual office spaces;Shared kitchen, comfortable break room and 8 male/female WC facilities for staff and guests;The property includes secured, private and covered parking in the basement for 12 cars. Currently, the office is rented out with a yield of 5,5% and it is considered as a good choice for investment.
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Currency Exchange
5687, 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 €4,500,000 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 |
|---|---|---|---|
| €4,500,000 | £3,727,395 | £3,867,525 | £140,130 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,727,395 |
| Maximum cost in the last six months | £3,867,525 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £140,130 |
5687, 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 €4,500,000 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 |
|---|---|---|---|
| €4,500,000 | £3,727,395 | £3,867,525 | £140,130 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,727,395 |
| Maximum cost in the last six months | £3,867,525 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £140,130 |
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 £140,130 more.
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