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Commercial in Strovolos, Nicosia
5709, Cyprus
REF: 817865
€950,000
Description
Reference ID: #SA34073Price details: 950,000 +VATLarge commercial field in a central location of Agios Vasileios Quarter, in Strovolos Municipality. It is situated in a central and active area, characterized by its commercial and residential activity and offers a variety of amenities and facilities such as schools, supermarkets, bus stops and other facilities.The field has an area of 2.074 sq.m. and has an irregular shape, a level surface and abuts onto a public road along its northern and southern boundary with frontage of 20 meters and 10 meters, respectively.It has a building density of 120% and with the right planning permission, the property could be utilized and developed in a commercial three-storey building of mixed or commercial use.This property is bordered by government owned land on its southwestern border.The property is affected by road widening scheme of approximately 27sqm.It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storages on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storages.PLUS V.A.T
Reference ID: #SA34073Price details: 950,000 +VATLarge commercial field in a central location of Agios Vasileios Quarter, in Strovolos Municipality. It is situated in a central and active area, characterized by its commercial and residential activity and offers a variety of amenities and facilities such as schools, supermarkets, bus stops and other facilities.The field has an area of 2.074 sq.m. and has an irregular shape, a level surface and abuts onto a public road along its northern and southern boundary with frontage of 20 meters and 10 meters, respectively.It has a building density of 120% and with the right planning permission, the property could be utilized and developed in a commercial three-storey building of mixed or commercial use.This property is bordered by government owned land on its southwestern border.The property is affected by road widening scheme of approximately 27sqm.It is important to mention that a concept design was prepared, which demonstrates that the property is suitable for the development of two buildings. On the northern part the concept includes a three-storey commercial building with 2 shops with mezzanine on the ground floor and office spaces on the 2 upper floors. On the southern part it includes a three-storey residential building with 21 apartments on the three upper floors and parking spaces with storages on the ground floor. Furthermore, the proposed development will include a basement with parking spaces and storages.PLUS V.A.T
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Currency Exchange
5709, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
5709, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £786,895 | £816,478 | £29,583 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £786,895 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,583 |
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 £29,583 more.
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