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Building, For Sale, Paphos, Agios Theodoros
Agios Theodoros, Cyprus
REF: 857149
€895,000
Description
Located in the bustling centre of Paphos, Cyprus, this mixed-use building presents an exceptional investment opportunity. The ground floor boasts two spacious and highly visible retail shops, each featuring large glass windows ideal for attracting customers. These shops are currently rented from tenants . The first shop is rented for 600 euro and the other one for 1200 euro monthly. Above the commercial spaces, the building houses two apartments designed for comfort and convenience. One apartment is rented for 600 euro and another remains empty at the moment. Each apartment features an open-concept layout that maximizes living space and natural light, complete with fully equipped kitchens, contemporary bathrooms, and inviting living areas. Balconies provide residents with picturesque views of the city, enhancing the urban living experience. The building€™s exterior is a blend of traditional Cypriot architectural elements and contemporary design, utilizing high-quality materials that ensure durability and aesthetic appeal. The strategic placement in the heart of Paphos offers unparalleled access to local attractions, dining, shopping, and public transportation, making it an attractive choice for both tenants and business owners. This mixed-use property is not only an ideal blend of commercial and residential spaces but also a sound investment. Its prime location in a thriving area of Paphos ensures steady rental demand and potential for capital appreciation. Whether you are looking to expand your investment portfolio or seeking a reliable source of rental income, this property offers a promising return on investment.
Located in the bustling centre of Paphos, Cyprus, this mixed-use building presents an exceptional investment opportunity. The ground floor boasts two spacious and highly visible retail shops, each featuring large glass windows ideal for attracting customers. These shops are currently rented from tenants . The first shop is rented for 600 euro and the other one for 1200 euro monthly. Above the commercial spaces, the building houses two apartments designed for comfort and convenience. One apartment is rented for 600 euro and another remains empty at the moment. Each apartment features an open-concept layout that maximizes living space and natural light, complete with fully equipped kitchens, contemporary bathrooms, and inviting living areas. Balconies provide residents with picturesque views of the city, enhancing the urban living experience. The building€™s exterior is a blend of traditional Cypriot architectural elements and contemporary design, utilizing high-quality materials that ensure durability and aesthetic appeal. The strategic placement in the heart of Paphos offers unparalleled access to local attractions, dining, shopping, and public transportation, making it an attractive choice for both tenants and business owners. This mixed-use property is not only an ideal blend of commercial and residential spaces but also a sound investment. Its prime location in a thriving area of Paphos ensures steady rental demand and potential for capital appreciation. Whether you are looking to expand your investment portfolio or seeking a reliable source of rental income, this property offers a promising return on investment.
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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 €895,000 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 |
|---|---|---|---|
| €895,000 | £741,337 | £769,208 | £27,870 |
| Property Price € | €895,000 |
| Minimum cost in the last six months | £741,337 |
| Maximum cost in the last six months | £769,208 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,870 |
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 €895,000 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 |
|---|---|---|---|
| €895,000 | £741,337 | £769,208 | £27,870 |
| Property Price € | €895,000 |
| Minimum cost in the last six months | £741,337 |
| Maximum cost in the last six months | £769,208 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,870 |
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 £27,870 more.
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