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Commercial Office in Agios Athanasios, Limassol
5207, Cyprus
REF: 882388
€4,777,500
Description
Reference ID: #SA35031Price details: 4,777,500 +VATOffice for sale with a total covered area of 735 sq.m. located on one of the busiest streets in Limassol.Each of the offices has a private entrance.Current condition of the building: The building currently has 4 shops on the ground floor and 2 offices on the first floor. Once the permits are issued, separate titles will also proceed based on a special power of attorney held by the owner. Titles are expected to proceed once the building permit application is filed.Construction of 3 floors:Second Floor: 576 sqm plus 159 sqm covered verandas. Total 735 sqm covered. Sale Price: 4,777,500 EurosThird Floor: 672 sqm plus 228 sqm covered verandas. Total 900 sqm covered. Sale Price: 5,850,000 EurosFourth Floor: 571 sqm plus 199 sqm covered verandas. Total 770 sqm covered. Sale Price: 5,005,000 EurosTotal expected covered area: 2,405 sqm. Sale Price: 15,632,500 Euros negotiable.Parking availability: A tenant will have various parking options available nearby and behind. Specifically, the planning authority has imposed a term to construct car lifts at the back and also some plots are available for rent very close.
Reference ID: #SA35031Price details: 4,777,500 +VATOffice for sale with a total covered area of 735 sq.m. located on one of the busiest streets in Limassol.Each of the offices has a private entrance.Current condition of the building: The building currently has 4 shops on the ground floor and 2 offices on the first floor. Once the permits are issued, separate titles will also proceed based on a special power of attorney held by the owner. Titles are expected to proceed once the building permit application is filed.Construction of 3 floors:Second Floor: 576 sqm plus 159 sqm covered verandas. Total 735 sqm covered. Sale Price: 4,777,500 EurosThird Floor: 672 sqm plus 228 sqm covered verandas. Total 900 sqm covered. Sale Price: 5,850,000 EurosFourth Floor: 571 sqm plus 199 sqm covered verandas. Total 770 sqm covered. Sale Price: 5,005,000 EurosTotal expected covered area: 2,405 sqm. Sale Price: 15,632,500 Euros negotiable.Parking availability: A tenant will have various parking options available nearby and behind. Specifically, the planning authority has imposed a term to construct car lifts at the back and also some plots are available for rent very close.
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Currency Exchange
5207, 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 €4,777,500 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 |
|---|---|---|---|
| €4,777,500 | £3,973,208 | £4,111,612 | £138,404 |
| Property Price € | €4,777,500 |
| Minimum cost in the last six months | £3,973,208 |
| Maximum cost in the last six months | £4,111,612 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £138,404 |
5207, 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 €4,777,500 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 |
|---|---|---|---|
| €4,777,500 | £3,973,208 | £4,111,612 | £138,404 |
| Property Price € | €4,777,500 |
| Minimum cost in the last six months | £3,973,208 |
| Maximum cost in the last six months | £4,111,612 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £138,404 |
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 £138,404 more.
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