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It is a three-storey mixed-use building in Agios Dometios, Nicosia
Agios Dometios, Nicosia, Cyprus
REF: 812741
€599,000
Description
It is a three-storey mixed-use building in Agios Dometios, Nicosia.
This mixed-use building comprises a basement with ample parking spaces and storage rooms, three (3) shops on the ground floor, an office on the first floor, and an apartment on the second floor.
The three shops have been combined into one large retail space, used as grocery stores/supermarkets, and are rented out. The office on the 1st floor is unoccupied, and the apartment on the 2nd floor is used as an office and is currently rented out.
Furthermore, the current ROI is 3.8%, which could increase to 6.1% when renting the office on the first floor.
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for two floors (7m) of construction.
Nicosia is a vibrant and fun city with a fascinating history. Many excellent shops, restaurants, cafes, museums, art galleries, historic churches, and more are nearby.
Please get in touch with Elit Blue to arrange a private viewing.
It is a three-storey mixed-use building in Agios Dometios, Nicosia.
This mixed-use building comprises a basement with ample parking spaces and storage rooms, three (3) shops on the ground floor, an office on the first floor, and an apartment on the second floor.
The three shops have been combined into one large retail space, used as grocery stores/supermarkets, and are rented out. The office on the 1st floor is unoccupied, and the apartment on the 2nd floor is used as an office and is currently rented out.
Furthermore, the current ROI is 3.8%, which could increase to 6.1% when renting the office on the first floor.
The property falls within Zone Πα8α, with a building coefficient of 140%, coverage of 70%, and permission for two floors (7m) of construction.
Nicosia is a vibrant and fun city with a fascinating history. Many excellent shops, restaurants, cafes, museums, art galleries, historic churches, and more are nearby.
Please get in touch with Elit Blue to arrange a private viewing.
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Currency Exchange
Agios Dometios, Nicosia, 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 €599,000 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 |
|---|---|---|---|
| €599,000 | £498,805 | £516,673 | £17,868 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £498,805 |
| Maximum cost in the last six months | £516,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,868 |
Agios Dometios, Nicosia, 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 €599,000 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 |
|---|---|---|---|
| €599,000 | £498,805 | £516,673 | £17,868 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £498,805 |
| Maximum cost in the last six months | £516,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,868 |
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 £17,868 more.
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