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Land, For Sale, Nicosia, Nicosia Center, Agios Antonios
Nicosia Center, Cyprus
REF: 835010
€1,290,000
Description
Location This privileged commercial plot is situated in the heart of Nicosia City center, near the bustling Ayios Antonios Market and near the historical center of Nicosia. The area is a thriving business hub, hosting the head offices of major companies and experiencing high demand for office rentals. The plot offers convenient access to the Nicosia Limassol highway, ensuring excellent connectivity. Plot Characteristics €¢ Size: Generously spanning 732 sqm €¢ Zone: Commercial zone EZ-k €¢ Building Density: 200% €¢ Coverage: 60% €¢ Permissible Construction: Up to 6 floors with a maximum height of 24m Advantages - Special Features €¢ Development Opportunities: Ideal for a range of development projects, including commercial buildings and corporate offices. €¢ Prime Location: Located in the prestigious business center of Nicosia. €¢ Seamless Transaction: The title deed is readily available. €¢ Existing Structure: There is an old house on the property that requires demolition. Seize this exceptional opportunity to invest in a prime commercial plot with significant development potential in Nicosia's vibrant business district. PRICE NEGOTIABLE
Location This privileged commercial plot is situated in the heart of Nicosia City center, near the bustling Ayios Antonios Market and near the historical center of Nicosia. The area is a thriving business hub, hosting the head offices of major companies and experiencing high demand for office rentals. The plot offers convenient access to the Nicosia Limassol highway, ensuring excellent connectivity. Plot Characteristics €¢ Size: Generously spanning 732 sqm €¢ Zone: Commercial zone EZ-k €¢ Building Density: 200% €¢ Coverage: 60% €¢ Permissible Construction: Up to 6 floors with a maximum height of 24m Advantages - Special Features €¢ Development Opportunities: Ideal for a range of development projects, including commercial buildings and corporate offices. €¢ Prime Location: Located in the prestigious business center of Nicosia. €¢ Seamless Transaction: The title deed is readily available. €¢ Existing Structure: There is an old house on the property that requires demolition. Seize this exceptional opportunity to invest in a prime commercial plot with significant development potential in Nicosia's vibrant business district. PRICE NEGOTIABLE
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Currency Exchange
Nicosia Center, 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 €1,290,000 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 |
|---|---|---|---|
| €1,290,000 | £1,062,831 | £1,119,836 | £57,005 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,062,831 |
| Maximum cost in the last six months | £1,119,836 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,005 |
Nicosia Center, 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 €1,290,000 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 |
|---|---|---|---|
| €1,290,000 | £1,062,831 | £1,119,836 | £57,005 |
| Property Price € | €1,290,000 |
| Minimum cost in the last six months | £1,062,831 |
| Maximum cost in the last six months | £1,119,836 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £57,005 |
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 £57,005 more.
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