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Corfu for sale Ground Floor Building 209 sq
Corfu, Corfu Perfecture, Greece
REF: 869152
€550,000
Description
Corfu for sale Ground Floor Building 209 sq.m. Preservable building built in 1920 on 3 levels, Ground floor 57 sqm, 1st floor 81 sqm, 2nd floor 81 sqm, renovated three-storey corner building. The building is a 10-minute walk from the airport, and close to it is a city bus stop, 2 supermarkets and a coffee shop. The strategic location of the building near the airport and the city center allows it to be used as an investment property. The ground floor is used as a business space and has a WC, 2 entrances from each street and 3 double windows which in combination with the eastern orientation of the property make it airy. In a possible redevelopment of the property, the ground floor could well be used for residential use with the appropriate adaptations. The first floor has been further renovated in relation to the rest of the property, within the year 2020. In front of the entrance to the apartment is the living room, which is lit by 3 double windows. Inside the living room there is an indoor air conditioning unit and a glass dining table, while behind it in a separate area is the kitchen, which has 2 double windows, a refrigerator, an electric stove and a hood. Next to the kitchen area is the first bedroom, which has 2 double windows, an anatomical single bed and fitted wardrobes. To the left of the living room there is a small corridor which leads initially to a small space, which is used for storage. However, it can easily be converted into a WC, as long as the appropriate in
Corfu for sale Ground Floor Building 209 sq.m. Preservable building built in 1920 on 3 levels, Ground floor 57 sqm, 1st floor 81 sqm, 2nd floor 81 sqm, renovated three-storey corner building. The building is a 10-minute walk from the airport, and close to it is a city bus stop, 2 supermarkets and a coffee shop. The strategic location of the building near the airport and the city center allows it to be used as an investment property. The ground floor is used as a business space and has a WC, 2 entrances from each street and 3 double windows which in combination with the eastern orientation of the property make it airy. In a possible redevelopment of the property, the ground floor could well be used for residential use with the appropriate adaptations. The first floor has been further renovated in relation to the rest of the property, within the year 2020. In front of the entrance to the apartment is the living room, which is lit by 3 double windows. Inside the living room there is an indoor air conditioning unit and a glass dining table, while behind it in a separate area is the kitchen, which has 2 double windows, a refrigerator, an electric stove and a hood. Next to the kitchen area is the first bedroom, which has 2 double windows, an anatomical single bed and fitted wardrobes. To the left of the living room there is a small corridor which leads initially to a small space, which is used for storage. However, it can easily be converted into a WC, as long as the appropriate in
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Currency Exchange
Corfu, Corfu Perfecture, 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 €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 |
Corfu, Corfu Perfecture, 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 €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 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 £17,127 more.
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