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Retail, For Sale, Nicosia, Nicosia Center, Agios Antonios
orfeos,10, Nicosia Center, Cyprus
REF: 887164
€250,000
Description
Location - Located in the highly sought-after area of Agios Antonios, Nicosia, just a stone's throw from Arch. Makariou III Avenue, this versatile shop/office space offers an excellent investment opportunity with an attractive annual yield of 7.5%. External Features - The property is situated on the north side of a well-maintained building, ensuring great visibility and easy accessibility. Internal Characteristics - Ground Floor: The ground floor boasts 107 sq.m of open-plan space, perfect for retail or office use. It includes a convenient kitchenette and a WC, providing functional amenities for staff or customers. - Mezzanine: The 56 sq.m mezzanine level offers additional office space, ideal for administrative work or client meetings. It also features a dedicated area for training or conferences, along with two more WCs for added convenience. - Basement: A spacious open-plan basement provides excellent storage solutions, perfect for businesses that require additional inventory or equipment space. - Parking space: The property comes with three private parking spaces, a valuable asset in this central location. Advantages - Special Features - With its prime location, flexible layout, and strong rental yield, this property is an excellent opportunity for investors or business owners looking to establish a presence in the heart of Nicosia. Don€™t miss out on this rare investment with long-term potential.
Location - Located in the highly sought-after area of Agios Antonios, Nicosia, just a stone's throw from Arch. Makariou III Avenue, this versatile shop/office space offers an excellent investment opportunity with an attractive annual yield of 7.5%. External Features - The property is situated on the north side of a well-maintained building, ensuring great visibility and easy accessibility. Internal Characteristics - Ground Floor: The ground floor boasts 107 sq.m of open-plan space, perfect for retail or office use. It includes a convenient kitchenette and a WC, providing functional amenities for staff or customers. - Mezzanine: The 56 sq.m mezzanine level offers additional office space, ideal for administrative work or client meetings. It also features a dedicated area for training or conferences, along with two more WCs for added convenience. - Basement: A spacious open-plan basement provides excellent storage solutions, perfect for businesses that require additional inventory or equipment space. - Parking space: The property comes with three private parking spaces, a valuable asset in this central location. Advantages - Special Features - With its prime location, flexible layout, and strong rental yield, this property is an excellent opportunity for investors or business owners looking to establish a presence in the heart of Nicosia. Don€™t miss out on this rare investment with long-term potential.
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Currency Exchange
orfeos,10, Nicosia Center, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
orfeos,10, Nicosia Center, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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