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Building, For Sale, Limassol, Arsos
Arsos, Cyprus
REF: 808625
€750,000
Description
The property for sale is a winery within a large residential land in Arsos village of Limassol District. The wider area of the property is primarily agricultural, comprising of cultivated land with a small number of agricultural buildings. The land has an irregular shape, a slopping surface in 4 different levels and within the land there is a vineyard. It is noted that the parcel has a total land area of approximate 18,223sqm. Within the southwest part of the land there is a detached incomplete building that began construction around the year 2000. The basement consists of an open plan storage area, cava and bottling area. The ground floor was operated as a winery and a restaurant while the upper floor is has remained incomplete. Externally, there is a fence wall, a storage, an auxiliary building, an uncovered parking space and a kiosk. The ground floor is approximate 290sqm plus a basement area of approximate 290sqm and an incomplete upper floor of approximately 150sqm. It should also be noted that the northern part of the land is vacant and it can be used for on-site cultivation purposes or the additional extension of the building. The property falls within the Residential Zone H6a having a maximum building density of 25%.
The property for sale is a winery within a large residential land in Arsos village of Limassol District. The wider area of the property is primarily agricultural, comprising of cultivated land with a small number of agricultural buildings. The land has an irregular shape, a slopping surface in 4 different levels and within the land there is a vineyard. It is noted that the parcel has a total land area of approximate 18,223sqm. Within the southwest part of the land there is a detached incomplete building that began construction around the year 2000. The basement consists of an open plan storage area, cava and bottling area. The ground floor was operated as a winery and a restaurant while the upper floor is has remained incomplete. Externally, there is a fence wall, a storage, an auxiliary building, an uncovered parking space and a kiosk. The ground floor is approximate 290sqm plus a basement area of approximate 290sqm and an incomplete upper floor of approximately 150sqm. It should also be noted that the northern part of the land is vacant and it can be used for on-site cultivation purposes or the additional extension of the building. The property falls within the Residential Zone H6a having a maximum building density of 25%.
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Currency Exchange
Arsos, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £617,925 | £644,588 | £26,663 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £617,925 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,663 |
Arsos, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £617,925 | £644,588 | £26,663 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £617,925 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,663 |
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 £26,663 more.
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