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Elegant town property 300m from the beach
Agios Nikolaos, Greece
REF: 807828
€450,000
Description
This classic building is located in the old part of the seaside town of Agios Nikolaos, Lasithi, Crete on a small street just off the central square of town. It is a charming building of 1930, that was renovated gracefully in 2007, consisting of 2 offices/studios on the ground floor and a rooftop apartment with nice views. The first studio is about 38 sqm and includes a mezzanine, a kitchenette and toilet, the second studio is about 55 sqm and has kitchenette and toilet. Both are ideal for commercial use or tourist investment. The apartment of the 1st floor is approximately 90 sqm and consists of 5 separate rooms (kitchen, living room, 3 bedrooms) and a bathroom, all connected by a central corridor . There are small terraces and access by external stairs to the roof terrace, enjoying beautiful views and would make a lovely outdoor lounge. This beautiful building enjoys the benefits of a central property with many small shops, super markets, cafes and services within a short walk whilst being rather quiet. Only a few minutes by foot two a couple of organized sandy beaches. 45 minutes drive to the international airport of Heraklion.
This classic building is located in the old part of the seaside town of Agios Nikolaos, Lasithi, Crete on a small street just off the central square of town. It is a charming building of 1930, that was renovated gracefully in 2007, consisting of 2 offices/studios on the ground floor and a rooftop apartment with nice views. The first studio is about 38 sqm and includes a mezzanine, a kitchenette and toilet, the second studio is about 55 sqm and has kitchenette and toilet. Both are ideal for commercial use or tourist investment. The apartment of the 1st floor is approximately 90 sqm and consists of 5 separate rooms (kitchen, living room, 3 bedrooms) and a bathroom, all connected by a central corridor . There are small terraces and access by external stairs to the roof terrace, enjoying beautiful views and would make a lovely outdoor lounge. This beautiful building enjoys the benefits of a central property with many small shops, super markets, cafes and services within a short walk whilst being rather quiet. Only a few minutes by foot two a couple of organized sandy beaches. 45 minutes drive to the international airport of Heraklion.
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Currency Exchange
Agios Nikolaos, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £370,755 | £386,753 | £15,998 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £370,755 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,998 |
Agios Nikolaos, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £370,755 | £386,753 | £15,998 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £370,755 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,998 |
The exchange rate on the day you make an offer on your property in Greece 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 £15,998 more.
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