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Building, For Sale, Nicosia, Aglantzia
Aglantzia, Cyprus
REF: 916122
€1,500,000
Description
Location €¢ This new A class building is on a quiet road of Aglantzia, just 700m from the University of Cyprus. €¢ Easy access to Nicosia centre and Limassol/Larnaca highways. €¢ 300m to €œSklavenitis€ supermarket, 500m to €œLidl€ supermarket, 300m away from Larnakos Avenue, with all amenites including bakeries, cafes, restaurants and much more, 900m away from Athalassa Nature Park. External Features €¢ The building is of modern design and in excellent brand-new condition. €¢ It is a quality building of 3 floors with only 8 apartments. 5 apartments are one bedroom, 2 are two bedroom and 1 is three bedroom). €¢ Controlled secured building entrance. €¢ Private covered parking spaces for all apartments. €¢ Photovoltaic system to cover the building common expenses. Internal Characteristics €¢ Total building internal area of 617sqm, covered verandas of 126sqm. €¢ 5 one-bedroom apartments of 53sqm and 67sqm with covered verandas of 11sqm to 20sqm. €¢ 2 two-bedroom apartments of 82sqm, and covered veranda of 16sqm. €¢ 1 three-bedroom apartments 120sqm, and covered veranda of 22sqm. Advantages Special Features €¢ No VAT as building is sold as SPV €¢ Excellent location just 700m from University of Cyprus. €¢ Total yearly potential rents of 90,000 euros giving 6% return. €¢ Excellent quality building built by reputable construction company.
Location €¢ This new A class building is on a quiet road of Aglantzia, just 700m from the University of Cyprus. €¢ Easy access to Nicosia centre and Limassol/Larnaca highways. €¢ 300m to €œSklavenitis€ supermarket, 500m to €œLidl€ supermarket, 300m away from Larnakos Avenue, with all amenites including bakeries, cafes, restaurants and much more, 900m away from Athalassa Nature Park. External Features €¢ The building is of modern design and in excellent brand-new condition. €¢ It is a quality building of 3 floors with only 8 apartments. 5 apartments are one bedroom, 2 are two bedroom and 1 is three bedroom). €¢ Controlled secured building entrance. €¢ Private covered parking spaces for all apartments. €¢ Photovoltaic system to cover the building common expenses. Internal Characteristics €¢ Total building internal area of 617sqm, covered verandas of 126sqm. €¢ 5 one-bedroom apartments of 53sqm and 67sqm with covered verandas of 11sqm to 20sqm. €¢ 2 two-bedroom apartments of 82sqm, and covered veranda of 16sqm. €¢ 1 three-bedroom apartments 120sqm, and covered veranda of 22sqm. Advantages Special Features €¢ No VAT as building is sold as SPV €¢ Excellent location just 700m from University of Cyprus. €¢ Total yearly potential rents of 90,000 euros giving 6% return. €¢ Excellent quality building built by reputable construction company.
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Currency Exchange
Aglantzia, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
Aglantzia, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
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 £53,325 more.
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