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Commercial in Latsia, Nicosia
5242, Cyprus
REF: 887261
€790,000
Description
Reference ID: #SA35170Price details: 790,000 +VATField in Agios Georgios Quarter in Latsia Municipality, In Nicosia District.The property enjoys excellent access to the city of Nicosia, the Municipality center and to all necessary amenities and services.The property has a rectangular shape with an even surface, it abuts a registered road on its northwestern boundary with a frontage of approximately 50 meters. It is worth noting that the property abuts a government land .Within the property there is a ground floor house and an incomplete upper floor house. The ground floor house was constructed in 1992. The area of the internal spaces is 260 sqm (approx.), the covered verandas 61 sqm (approx.) and the basement 42 sqm (approx.).The upper floor house remains incomplete. The completed construction works include the construction of the structure and the roof. The area of the upper floor house is 160 sqm (approx.).The house was built on a field of approximately 6.067 sq.m. and it falls within the Special Use Zone EX2 with a building density of 80%. The above planning zone allows the construction of offices, sports facilities, leisure/entertainment facilities, showrooms and other specialized developments. Residential development and plot separation are also allowed.It is noted that the house is placed on the southeastern part of the field leaving the northwestern part empty for future developments.
Reference ID: #SA35170Price details: 790,000 +VATField in Agios Georgios Quarter in Latsia Municipality, In Nicosia District.The property enjoys excellent access to the city of Nicosia, the Municipality center and to all necessary amenities and services.The property has a rectangular shape with an even surface, it abuts a registered road on its northwestern boundary with a frontage of approximately 50 meters. It is worth noting that the property abuts a government land .Within the property there is a ground floor house and an incomplete upper floor house. The ground floor house was constructed in 1992. The area of the internal spaces is 260 sqm (approx.), the covered verandas 61 sqm (approx.) and the basement 42 sqm (approx.).The upper floor house remains incomplete. The completed construction works include the construction of the structure and the roof. The area of the upper floor house is 160 sqm (approx.).The house was built on a field of approximately 6.067 sq.m. and it falls within the Special Use Zone EX2 with a building density of 80%. The above planning zone allows the construction of offices, sports facilities, leisure/entertainment facilities, showrooms and other specialized developments. Residential development and plot separation are also allowed.It is noted that the house is placed on the southeastern part of the field leaving the northwestern part empty for future developments.
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Currency Exchange
5242, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £657,185 | £679,890 | £22,705 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £657,185 |
| Maximum cost in the last six months | £679,890 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,705 |
5242, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £657,185 | £679,890 | £22,705 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £657,185 |
| Maximum cost in the last six months | £679,890 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,705 |
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 £22,705 more.
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