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Building, For Sale, Limassol, Asomatos
Asomatos, Cyprus
REF: 872745
€850,000
Description
This residential apartment building in Agios Asomatos presents a solid investment opportunity with promising future growth. Located on a 261sq.m. plot, the property features 285sq.m. of covered areas, divided into four well-maintained units. The ground floor, built in 1988 and fully renovated in 2021, includes two one-bedroom apartments (68sq.m. and 45.5sq.m.). The second floor, constructed in 2021, offers a spacious three-bedroom unit totaling 150sq.m. The building is in excellent condition, with an upgraded "A" energy efficiency rating, four parking spots, and storage space. Just 200m from schools, parks, and main roads with amenities, and 5-7 minutes from City of Dreams, My Mall, and local beaches, the area is seeing significant development, with large projects like Limassol Greens and Sunset Gardens underway. Currently generating ‚4,000 per month in rental income, with a 5.5% ROI, this property is poised for value appreciation as the area grows. The price includes all expenses, including VAT.
This residential apartment building in Agios Asomatos presents a solid investment opportunity with promising future growth. Located on a 261sq.m. plot, the property features 285sq.m. of covered areas, divided into four well-maintained units. The ground floor, built in 1988 and fully renovated in 2021, includes two one-bedroom apartments (68sq.m. and 45.5sq.m.). The second floor, constructed in 2021, offers a spacious three-bedroom unit totaling 150sq.m. The building is in excellent condition, with an upgraded "A" energy efficiency rating, four parking spots, and storage space. Just 200m from schools, parks, and main roads with amenities, and 5-7 minutes from City of Dreams, My Mall, and local beaches, the area is seeing significant development, with large projects like Limassol Greens and Sunset Gardens underway. Currently generating ‚4,000 per month in rental income, with a 5.5% ROI, this property is poised for value appreciation as the area grows. The price includes all expenses, including VAT.
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Currency Exchange
Asomatos, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
Asomatos, 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 €850,000 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 |
|---|---|---|---|
| €850,000 | £704,064 | £730,533 | £26,469 |
| Property Price € | €850,000 |
| Minimum cost in the last six months | £704,064 |
| Maximum cost in the last six months | £730,533 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,469 |
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 £26,469 more.
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