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Retail, For Sale, Limassol, Katholiki
Katholiki, Cyprus
REF: 903183
€240,000
Description
The property is a unified shop (shop no.3 & no.4) with a mezzanine in Katholiki. The shops are part of a 5-storey building, which consists of 4 shops with mezzanines on the ground floor, 8 apartments on the four floors above (two on each floor) and parking spaces on the basement. Shop no. 3, is situated on the north-east part of the ground floor and comprises an open space retail area. The mezzanine comprises a storage area and a toilet. Shop no. 3 has an internal area of 50sqm and a mezzanine of 35sqm. Shop no.4 has an internal area of 38sqm, and a mezzanine of 17sqm. It is situated on the south-east part of the building and comprises an open space area. It is used as a storage area for the adjoining shop no. 3 that operates as a kiosk. The mezzanine of shop no.4 comprises a storage area and a toilet. Access to the mezzanines is achieved via an internal metal staircase. The shop offers the exclusive right of use the yard no.8 and no.9 on the ground floor and the parking space no.4 on the basement. Both shops are currently rented.
The property is a unified shop (shop no.3 & no.4) with a mezzanine in Katholiki. The shops are part of a 5-storey building, which consists of 4 shops with mezzanines on the ground floor, 8 apartments on the four floors above (two on each floor) and parking spaces on the basement. Shop no. 3, is situated on the north-east part of the ground floor and comprises an open space retail area. The mezzanine comprises a storage area and a toilet. Shop no. 3 has an internal area of 50sqm and a mezzanine of 35sqm. Shop no.4 has an internal area of 38sqm, and a mezzanine of 17sqm. It is situated on the south-east part of the building and comprises an open space area. It is used as a storage area for the adjoining shop no. 3 that operates as a kiosk. The mezzanine of shop no.4 comprises a storage area and a toilet. Access to the mezzanines is achieved via an internal metal staircase. The shop offers the exclusive right of use the yard no.8 and no.9 on the ground floor and the parking space no.4 on the basement. Both shops are currently rented.
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Currency Exchange
Katholiki, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,794 | £206,268 | £7,474 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,794 |
| Maximum cost in the last six months | £206,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,474 |
Katholiki, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,794 | £206,268 | £7,474 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,794 |
| Maximum cost in the last six months | £206,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,474 |
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 £7,474 more.
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