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House, For Sale, Limassol, Agia Triada
Agia Triada, Cyprus
REF: 903146
€550,000
Description
Discover a hidden gem in the heart of Limassol€™s Historical Centre a unique and highly sought-after property that€™s just a short stroll from all amenities. This rare find offers endless possibilities, whether you choose to restore it to its original grandeur or re imagine it as a modern office building with a charming courtyard or a unique residential living. As a listed property, it comes with significant advantages, including additional building density that can be sold or utilized for expanding the current structure. With a building density of 140% and a building coefficient of 70%, you can construct up to two floors with a maximum height of 8.30 meters. The existing main building is 110m², complemented by a 33m² auxiliary building. Exclusive Government Grants & Incentives* (based on the owner's research) : Renovation Grant: Up to ‚77,000 towards restoring the main building. Extension Grant: Up to ‚23,000 towards an expansion. Building Density Sale: Potential to sell remaining building density for up to ‚157,000 if no extension is made. Additional Incentives: Take advantage of tax benefits and other building incentives designed to make this investment even more attractive. This is more than just a property; it€™s a rare opportunity to own a piece of Limassol€™s history with endless potential. Don€™t miss out on this chance to create something truly special in the heart of Limassol Historical Center.
Discover a hidden gem in the heart of Limassol€™s Historical Centre a unique and highly sought-after property that€™s just a short stroll from all amenities. This rare find offers endless possibilities, whether you choose to restore it to its original grandeur or re imagine it as a modern office building with a charming courtyard or a unique residential living. As a listed property, it comes with significant advantages, including additional building density that can be sold or utilized for expanding the current structure. With a building density of 140% and a building coefficient of 70%, you can construct up to two floors with a maximum height of 8.30 meters. The existing main building is 110m², complemented by a 33m² auxiliary building. Exclusive Government Grants & Incentives* (based on the owner's research) : Renovation Grant: Up to ‚77,000 towards restoring the main building. Extension Grant: Up to ‚23,000 towards an expansion. Building Density Sale: Potential to sell remaining building density for up to ‚157,000 if no extension is made. Additional Incentives: Take advantage of tax benefits and other building incentives designed to make this investment even more attractive. This is more than just a property; it€™s a rare opportunity to own a piece of Limassol€™s history with endless potential. Don€™t miss out on this chance to create something truly special in the heart of Limassol Historical Center.
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Currency Exchange
Agia Triada, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
Agia Triada, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
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 £17,127 more.
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