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Building, For Sale, Nicosia, Kaimakli
Kaimakli, Cyprus
REF: 1001306
€370,000
Description
Location Presenting a versatile three-storey residential building ideally situated in the heart of Kaimakli, Nicosia. €¢ Located in walking distance to Ayiou Polydorou Church. €¢ Nestled in a quiet yet accessible residential area. €¢ Close to schools, local amenities, shops, and major roads. External Features The property sits on a plot within a Κα4 residential zone, offering excellent development potential. €¢ Building Density: 120%. €¢ Site Coverage: 50%. €¢ Permissible Floors: 3, up to 13.5 metres in height. €¢ Includes 2 covered and 2 uncovered parking spaces. €¢ Title deed available for clear and easy ownership transfer. Internal Characteristics The building is well-maintained and comprises five self-contained apartments spread across three levels: Ground Floor Apartment €¢ Internal area: 76 sq.m. €¢ Covered veranda: 6 sq.m. €¢ Features an open-plan living and kitchen area. €¢ Includes three spacious bedrooms. €¢ Includes a full bathroom and covered verandas. First Floor 2 x 2-Bedroom Apartments Door 11 €¢ Internal area: 55 sq.m. €¢ Covered veranda: 9 sq.m. €¢ North-facing orientation. Door 12 €¢ Internal area: 54 sq.m. €¢ Covered veranda: 5 sq.m. €¢ South-facing orientation. €¢ Both apartments feature open-plan living and kitchen areas. €¢ Each includes a bathroom and private covered verandas. Second Floor 2 x 2-Bedroom Apartments Door 21 €¢ Internal area: 55 sq.m. €¢ Covered veranda: 9 sq.m. €¢ North-facing orientation. Door 22 €¢ Internal area: 54 sq.m. €¢ Covered veranda: 5 sq.m. €¢ South-facing orientation. €¢ Identical in layout to the first-floor units. €¢ Offer light-filled interiors and functional verandas. Advantages & Special Features This property presents a compelling opportunity for investors and homebuyers alike. €¢ Immediate rental income potential with five independent units. €¢ Ideal for multi-family occupancy or long-term portfolio growth. €¢ Vacant possession €” ready for immediate use. €¢ Strategically located in a sought-after, residential zone with development flexibility. €¢ Secure and clearly titled €” perfect for a hassle-free transaction.
Location Presenting a versatile three-storey residential building ideally situated in the heart of Kaimakli, Nicosia. €¢ Located in walking distance to Ayiou Polydorou Church. €¢ Nestled in a quiet yet accessible residential area. €¢ Close to schools, local amenities, shops, and major roads. External Features The property sits on a plot within a Κα4 residential zone, offering excellent development potential. €¢ Building Density: 120%. €¢ Site Coverage: 50%. €¢ Permissible Floors: 3, up to 13.5 metres in height. €¢ Includes 2 covered and 2 uncovered parking spaces. €¢ Title deed available for clear and easy ownership transfer. Internal Characteristics The building is well-maintained and comprises five self-contained apartments spread across three levels: Ground Floor Apartment €¢ Internal area: 76 sq.m. €¢ Covered veranda: 6 sq.m. €¢ Features an open-plan living and kitchen area. €¢ Includes three spacious bedrooms. €¢ Includes a full bathroom and covered verandas. First Floor 2 x 2-Bedroom Apartments Door 11 €¢ Internal area: 55 sq.m. €¢ Covered veranda: 9 sq.m. €¢ North-facing orientation. Door 12 €¢ Internal area: 54 sq.m. €¢ Covered veranda: 5 sq.m. €¢ South-facing orientation. €¢ Both apartments feature open-plan living and kitchen areas. €¢ Each includes a bathroom and private covered verandas. Second Floor 2 x 2-Bedroom Apartments Door 21 €¢ Internal area: 55 sq.m. €¢ Covered veranda: 9 sq.m. €¢ North-facing orientation. Door 22 €¢ Internal area: 54 sq.m. €¢ Covered veranda: 5 sq.m. €¢ South-facing orientation. €¢ Identical in layout to the first-floor units. €¢ Offer light-filled interiors and functional verandas. Advantages & Special Features This property presents a compelling opportunity for investors and homebuyers alike. €¢ Immediate rental income potential with five independent units. €¢ Ideal for multi-family occupancy or long-term portfolio growth. €¢ Vacant possession €” ready for immediate use. €¢ Strategically located in a sought-after, residential zone with development flexibility. €¢ Secure and clearly titled €” perfect for a hassle-free transaction.
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Currency Exchange
Kaimakli, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £322,644 | £17,227 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £322,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,227 |
Kaimakli, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £322,644 | £17,227 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £322,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,227 |
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 £17,227 more.
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