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Commercial Building in Engomi, Nicosia
5483, Cyprus
REF: 895475
€2,700,000
Description
Reference ID: #SA35316Price details: 2,700,000Building complex in a very good location in Egkomi Municipality in Nicosia District.The property is ideally situated close to a plethora of amenities and services such as cafes, restaurants, shops supermarket etc. The ground floor consists of a reception, offices, storage space and w/c.The 1st, 2nd and 3rd floor consist of office spaces. The entire building is serviced by air conditioning system, fire protection system, ventilation system, alarm system, lift and emergency exitsPROPERTY CHARACTERISTICSGround Floor: 675m2First floor: 675m2Second floor: 675m2Third floor: 450m2Plot size: 1,459m2Year of construction: 1976Year of renovation: 2008There is a proposed plan for licensing for this plot for offices.Asking price for the existing building is 2.7MExpecting building costs of the dorms is 2.5MIt is considered as an ideal investment opportunity.
Reference ID: #SA35316Price details: 2,700,000Building complex in a very good location in Egkomi Municipality in Nicosia District.The property is ideally situated close to a plethora of amenities and services such as cafes, restaurants, shops supermarket etc. The ground floor consists of a reception, offices, storage space and w/c.The 1st, 2nd and 3rd floor consist of office spaces. The entire building is serviced by air conditioning system, fire protection system, ventilation system, alarm system, lift and emergency exitsPROPERTY CHARACTERISTICSGround Floor: 675m2First floor: 675m2Second floor: 675m2Third floor: 450m2Plot size: 1,459m2Year of construction: 1976Year of renovation: 2008There is a proposed plan for licensing for this plot for offices.Asking price for the existing building is 2.7MExpecting building costs of the dorms is 2.5MIt is considered as an ideal investment opportunity.
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Currency Exchange
5483, 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 €2,700,000 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 |
|---|---|---|---|
| €2,700,000 | £2,246,076 | £2,323,674 | £77,598 |
| Property Price € | €2,700,000 |
| Minimum cost in the last six months | £2,246,076 |
| Maximum cost in the last six months | £2,323,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,598 |
5483, 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 €2,700,000 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 |
|---|---|---|---|
| €2,700,000 | £2,246,076 | £2,323,674 | £77,598 |
| Property Price € | €2,700,000 |
| Minimum cost in the last six months | £2,246,076 |
| Maximum cost in the last six months | £2,323,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,598 |
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 £77,598 more.
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