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P-0117-S Private Luxury Estate of 2 Villas + Staff Accommodation For Sale in Argaka
Grigori Afxentiou, Argaka, Cyprus
REF: 839372
€6,000,000
Description
Located only 290m from the sea and behind private security gates this elegant estate is completely private and consists of 3 separate villas, 2 of which are luxury specifications with private swimming pools, , a secluded pond with waterfall, special secret seating areas for privacy and a beautiful communal garden which makes the perfect setting for photos for a special occasion such as a wedding. There are 2 main villas, of 4 and 5 bedrooms respectively, each including a lower level self sufficient apartment, separate sauna and gym areas. The third property is a 3 bedroom bungalow with double garage, currently occupied by the 3 permanent members of staff on the property. The properties have been utilised as luxury wedding venues and are also the holiday getaway destination of choice for high level business owners and European celebrities and have a high annual return on rentals. There is currently an additional 3000m2 of land that is un spoilt and ready for development, with proposals for a luxury spa entity or alternatively luxury residential properties which can be explored further. The property must be seen to be appreciated. Argaka Argaka Village is within the Paphos district, at the valley of Chrysochous at the central eastern part of the Chrysohous Bay. Located approximately 8 kilometres from the town of Polis Chrysochous it is located at an altitude of 90 metres above sea level. The village offers a number of restaurant choices and bars. Although this is a quieter village it benefits from its location close to the sea allowing you to enjoy amazing sunsets.
Located only 290m from the sea and behind private security gates this elegant estate is completely private and consists of 3 separate villas, 2 of which are luxury specifications with private swimming pools, , a secluded pond with waterfall, special secret seating areas for privacy and a beautiful communal garden which makes the perfect setting for photos for a special occasion such as a wedding. There are 2 main villas, of 4 and 5 bedrooms respectively, each including a lower level self sufficient apartment, separate sauna and gym areas. The third property is a 3 bedroom bungalow with double garage, currently occupied by the 3 permanent members of staff on the property. The properties have been utilised as luxury wedding venues and are also the holiday getaway destination of choice for high level business owners and European celebrities and have a high annual return on rentals. There is currently an additional 3000m2 of land that is un spoilt and ready for development, with proposals for a luxury spa entity or alternatively luxury residential properties which can be explored further. The property must be seen to be appreciated. Argaka Argaka Village is within the Paphos district, at the valley of Chrysochous at the central eastern part of the Chrysohous Bay. Located approximately 8 kilometres from the town of Polis Chrysochous it is located at an altitude of 90 metres above sea level. The village offers a number of restaurant choices and bars. Although this is a quieter village it benefits from its location close to the sea allowing you to enjoy amazing sunsets.
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Currency Exchange
Grigori Afxentiou, Argaka, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,969,860 | £5,156,700 | £186,840 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,969,860 |
| Maximum cost in the last six months | £5,156,700 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £186,840 |
Grigori Afxentiou, Argaka, 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 €6,000,000 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 |
|---|---|---|---|
| €6,000,000 | £4,969,860 | £5,156,700 | £186,840 |
| Property Price € | €6,000,000 |
| Minimum cost in the last six months | £4,969,860 |
| Maximum cost in the last six months | £5,156,700 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £186,840 |
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 £186,840 more.
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