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Building, For Sale, Paphos, Chlorakas
Chlorakas, Cyprus
REF: 886034
€1,500,000
Description
Presenting a unique investment opportunity in the picturesque coastal village of Chloraka, just steps away from the serene Mediterranean Sea. This exceptional property includes a fully functioning restaurant, two charming studio apartments, and a spacious one-bedroom apartment, all set within a highly sought-after location. The restaurant is a well-established business with a loyal customer base, offering indoor and outdoor seating that captures breathtaking sea views. With its prime location, it draws both locals and tourists, making it a perfect spot for seaside dining. On top of the restaurant are two self-contained studio apartments, ideal for short-term rentals or holiday stays. Each studio is thoughtfully designed, fully furnished, and equipped with modern amenities, offering guests a comfortable and relaxing stay. Additionally, the property includes a one-bedroom apartment with a spacious living area and a private terrace. This apartment is perfect for long-term rentals or as an owner's residence. With its prime location, stunning sea views, and versatile setup, this property offers multiple income streams and significant potential for further growth, making it a fantastic investment opportunity in Paphos.
Presenting a unique investment opportunity in the picturesque coastal village of Chloraka, just steps away from the serene Mediterranean Sea. This exceptional property includes a fully functioning restaurant, two charming studio apartments, and a spacious one-bedroom apartment, all set within a highly sought-after location. The restaurant is a well-established business with a loyal customer base, offering indoor and outdoor seating that captures breathtaking sea views. With its prime location, it draws both locals and tourists, making it a perfect spot for seaside dining. On top of the restaurant are two self-contained studio apartments, ideal for short-term rentals or holiday stays. Each studio is thoughtfully designed, fully furnished, and equipped with modern amenities, offering guests a comfortable and relaxing stay. Additionally, the property includes a one-bedroom apartment with a spacious living area and a private terrace. This apartment is perfect for long-term rentals or as an owner's residence. With its prime location, stunning sea views, and versatile setup, this property offers multiple income streams and significant potential for further growth, making it a fantastic investment opportunity in Paphos.
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Currency Exchange
Chlorakas, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,247,820 | £1,290,930 | £43,110 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,247,820 |
| Maximum cost in the last six months | £1,290,930 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,110 |
Chlorakas, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,247,820 | £1,290,930 | £43,110 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,247,820 |
| Maximum cost in the last six months | £1,290,930 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £43,110 |
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 £43,110 more.
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