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Land, For Sale, Nicosia, Strovolos, Agios Dimitrios
ATHALASSAS, Strovolos, Cyprus
REF: 829248
€730,000
Description
Location €¢ Situated in the bustling Agios Demetrios area of Strovolos, offering excellent visibility on a high-traffic street. €¢ Walking distance to prominent landmarks such as "The English School" and the Presidential Palace. €¢ Close proximity to a wide range of amenities including supermarkets, restaurants, cafes, schools, and more. €¢ Well-connected to Nicosia city center, with quick access to Makarios Hospital. Plot Characteristics €¢ Regularly shaped plot with a flat surface. €¢ Extensive road frontage along the southwest side, with about 47 meters of frontage. €¢ Subject to a road-widening scheme, reducing the total area by approximately 107 sqm. €¢ The dual road frontage provides added development flexibility. Development Potential €¢ Located in the Εβ3 planning zone with a 160% building coefficient and 50% coverage coefficient. €¢ Maximum allowed building height of 24 meters, with permission for up to 6 floors. €¢ Ideal for commercial or mixed-use development. €¢ Great opportunity for developers or investors due to its strategic location and development parameters. €¢ The plot is currently vacant, allowing for immediate construction plans. Investment Benefits €¢ High demand area due to its strategic location and excellent accessibility. €¢ Perfect for creating a commercial or mixed-use development to meet the growing needs of the area. €¢ The large plot size and dual road frontage offer versatile design and construction options.
Location €¢ Situated in the bustling Agios Demetrios area of Strovolos, offering excellent visibility on a high-traffic street. €¢ Walking distance to prominent landmarks such as "The English School" and the Presidential Palace. €¢ Close proximity to a wide range of amenities including supermarkets, restaurants, cafes, schools, and more. €¢ Well-connected to Nicosia city center, with quick access to Makarios Hospital. Plot Characteristics €¢ Regularly shaped plot with a flat surface. €¢ Extensive road frontage along the southwest side, with about 47 meters of frontage. €¢ Subject to a road-widening scheme, reducing the total area by approximately 107 sqm. €¢ The dual road frontage provides added development flexibility. Development Potential €¢ Located in the Εβ3 planning zone with a 160% building coefficient and 50% coverage coefficient. €¢ Maximum allowed building height of 24 meters, with permission for up to 6 floors. €¢ Ideal for commercial or mixed-use development. €¢ Great opportunity for developers or investors due to its strategic location and development parameters. €¢ The plot is currently vacant, allowing for immediate construction plans. Investment Benefits €¢ High demand area due to its strategic location and excellent accessibility. €¢ Perfect for creating a commercial or mixed-use development to meet the growing needs of the area. €¢ The large plot size and dual road frontage offer versatile design and construction options.
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Currency Exchange
ATHALASSAS, Strovolos, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £604,666 | £627,399 | £22,732 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £604,666 |
| Maximum cost in the last six months | £627,399 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,732 |
ATHALASSAS, Strovolos, 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 €730,000 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 |
|---|---|---|---|
| €730,000 | £604,666 | £627,399 | £22,732 |
| Property Price € | €730,000 |
| Minimum cost in the last six months | £604,666 |
| Maximum cost in the last six months | £627,399 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,732 |
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 £22,732 more.
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