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Building in City Center, Limassol
5687, Cyprus
REF: 849262
€1,700,000
Description
Reference ID: #SA34475Price details: 1,700,000Featuring 9 sophisticated studio apartments for sale in Limassol s vibrant Historical Center, just 200 meters from the Sea.These modern studios boast contemporary interiors and premium finishes, ideal for high-yield rentals or resale opportunities.Located just 300 meters from Molos Promenade, and 2 kilometers from Limassol Marina, the project has incredible sea views as well as easy access to all modern amenities and the main highway.Building rented out on a 5-year lease agreement to corporate tenant for 140.000 p/a.Annual Yield of 8.2%NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"Project Location:Olympion Beach - 200mAccess to Highway - 500mGladstonos Street - 300mAnexartisias Street - 500mMolos Promenade - 350mLimassol Marina - 500mBuilding Specification:Apartments: 9 StudiosTotal Indoor area: 284 m Total Covered veranda: 72 m Private Garden: 24 m Common area: 51 m Total area: 431 m
Reference ID: #SA34475Price details: 1,700,000Featuring 9 sophisticated studio apartments for sale in Limassol s vibrant Historical Center, just 200 meters from the Sea.These modern studios boast contemporary interiors and premium finishes, ideal for high-yield rentals or resale opportunities.Located just 300 meters from Molos Promenade, and 2 kilometers from Limassol Marina, the project has incredible sea views as well as easy access to all modern amenities and the main highway.Building rented out on a 5-year lease agreement to corporate tenant for 140.000 p/a.Annual Yield of 8.2%NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV"Project Location:Olympion Beach - 200mAccess to Highway - 500mGladstonos Street - 300mAnexartisias Street - 500mMolos Promenade - 350mLimassol Marina - 500mBuilding Specification:Apartments: 9 StudiosTotal Indoor area: 284 m Total Covered veranda: 72 m Private Garden: 24 m Common area: 51 m Total area: 431 m
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Currency Exchange
5687, 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 €1,700,000 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 |
|---|---|---|---|
| €1,700,000 | £1,408,127 | £1,461,065 | £52,938 |
| Property Price € | €1,700,000 |
| Minimum cost in the last six months | £1,408,127 |
| Maximum cost in the last six months | £1,461,065 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,938 |
5687, 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 €1,700,000 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 |
|---|---|---|---|
| €1,700,000 | £1,408,127 | £1,461,065 | £52,938 |
| Property Price € | €1,700,000 |
| Minimum cost in the last six months | £1,408,127 |
| Maximum cost in the last six months | £1,461,065 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £52,938 |
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 £52,938 more.
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