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Building, For Sale, Paphos, Agios Theodoros
Agios Theodoros, Cyprus
REF: 857112
€890,000
Description
The property concerns a three storey, mixed use building, Paphos Municipality. The ground floor which occupies the northern part of the plot has been erected in 1977. It comprises three (3) shops. Shops 1 & 3 have been unified (vacant) and shop 2 is rented . The 2 upper floors have been erected in 2008 and comprise -2 apartments (1 with one bedroom and 1 with two bedroom) on the 1st floor, -4 apartments (1 with one bedroom and three with two bedroom) on the 2nd floor and -1 studio (not on permits) on the roof. The one-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, one bedroom, a bathroom, and a covered terrace. The two-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, two bedrooms, a bathroom, and a covered terrace. Apartments No. 5 & 6 were unified. The studio comprises a bedroom, kitchen, and living room in an open-plan space, a bathroom, and a terrace. Property is partially occupied as below: Shop 1 Vacant. Shop 2 Rented. Shop 3 Vacant. Apartment 101 Rented Apartment 102 Vacant Apartment 201 Rented Apartment 202 Vacant Apartment 203 Rented Apartment 301 Rented The property falls within Zone Πα9α, with a building coefficient of 120%, coverage of 70%, and permission for 2 floors (8.3m) of construction.
The property concerns a three storey, mixed use building, Paphos Municipality. The ground floor which occupies the northern part of the plot has been erected in 1977. It comprises three (3) shops. Shops 1 & 3 have been unified (vacant) and shop 2 is rented . The 2 upper floors have been erected in 2008 and comprise -2 apartments (1 with one bedroom and 1 with two bedroom) on the 1st floor, -4 apartments (1 with one bedroom and three with two bedroom) on the 2nd floor and -1 studio (not on permits) on the roof. The one-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, one bedroom, a bathroom, and a covered terrace. The two-bedroom apartments comprise an open-plan living room, dining room, and a kitchen, two bedrooms, a bathroom, and a covered terrace. Apartments No. 5 & 6 were unified. The studio comprises a bedroom, kitchen, and living room in an open-plan space, a bathroom, and a terrace. Property is partially occupied as below: Shop 1 Vacant. Shop 2 Rented. Shop 3 Vacant. Apartment 101 Rented Apartment 102 Vacant Apartment 201 Rented Apartment 202 Vacant Apartment 203 Rented Apartment 301 Rented The property falls within Zone Πα9α, with a building coefficient of 120%, coverage of 70%, and permission for 2 floors (8.3m) of construction.
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Currency Exchange
Agios Theodoros, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £737,196 | £764,911 | £27,715 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £737,196 |
| Maximum cost in the last six months | £764,911 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,715 |
Agios Theodoros, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £737,196 | £764,911 | £27,715 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £737,196 |
| Maximum cost in the last six months | £764,911 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,715 |
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 £27,715 more.
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