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Other, For Sale, Limassol, Polemidia Kato
Polemidia Kato, Cyprus
REF: 910335
€750,000
Description
An outstanding opportunity to invest in a prime commercial plot of 562 sq.m. located in the thriving area of Kato Polemidia. This corner plot enjoys a highly visible position on a main road, surrounded by essential amenities such as schools, bus stops, and retail outlets. Its strategic location is further enhanced by proximity to the new TEPAK University, making it an excellent choice for businesses seeking high footfall and visibility. The plot also benefits from excellent connectivity, with easy access to major highways and central roads. Currently available with a licensed project, this property is ready for immediate development into a commercial building. The approved plans include: - Basement parking to accommodate clients and staff conveniently. - Ground floor retail shop with ample space and flexibility for a variety of businesses. - Mezzanine area for additional commercial or office use. - Two office floors, ideal for modern workspaces with high rental demand in the area. - Roof garden, perfect for creating a unique leisure or event space with potential city views. This plot offers unlimited potential with open density and floor area ratios, depending on the final building license application. Situated in one of Limassol's rapidly developing districts, it represents a rare chance to secure a property that combines functionality, location, and investment potential. Whether you€™re looking to develop a dynamic office and retail complex or simply secure a high-value asset in a key location, this project is an unparalleled opportunity. Contact us today for more information or to arrange a site visit.
An outstanding opportunity to invest in a prime commercial plot of 562 sq.m. located in the thriving area of Kato Polemidia. This corner plot enjoys a highly visible position on a main road, surrounded by essential amenities such as schools, bus stops, and retail outlets. Its strategic location is further enhanced by proximity to the new TEPAK University, making it an excellent choice for businesses seeking high footfall and visibility. The plot also benefits from excellent connectivity, with easy access to major highways and central roads. Currently available with a licensed project, this property is ready for immediate development into a commercial building. The approved plans include: - Basement parking to accommodate clients and staff conveniently. - Ground floor retail shop with ample space and flexibility for a variety of businesses. - Mezzanine area for additional commercial or office use. - Two office floors, ideal for modern workspaces with high rental demand in the area. - Roof garden, perfect for creating a unique leisure or event space with potential city views. This plot offers unlimited potential with open density and floor area ratios, depending on the final building license application. Situated in one of Limassol's rapidly developing districts, it represents a rare chance to secure a property that combines functionality, location, and investment potential. Whether you€™re looking to develop a dynamic office and retail complex or simply secure a high-value asset in a key location, this project is an unparalleled opportunity. Contact us today for more information or to arrange a site visit.
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Currency Exchange
Polemidia Kato, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
Polemidia Kato, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £621,233 | £644,588 | £23,355 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £621,233 |
| Maximum cost in the last six months | £644,588 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,355 |
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 £23,355 more.
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