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Commercial Shop in Larnaca Centre, Larnaca
5770, Cyprus
REF: 642024
€645,000
Description
Reference ID: #SA29619Price details: 645,000The property is located on a central avenue in Larnaca. It consists of a ground floor of 281sqm with a large open space, several partitioned offices, and sanitary facilities. The basement (323sqm) contains storage space, sanitary facilities, and a kitchenette. The property has a total road frontage of 19m. The ground floor is finished in fitted carpet and ceramic tiles and laminated PVC for the sanitary areas. There is a lowered false ceiling allowing for mobility of services and lighting according to needs. The basement is finished with ceramic tiles. The property has air-conditioning units throughout. The location is very close to the commercial centre of Larnaca near other services and commercial properties, such as banks, retail shops, service stations as well as some of the biggest educational facilities in the city.The surrounding area has a mixed residential and commercial use with several services for everyday needs like kiosks and bakeries in the vicinity.The wider area is well developed and consists mostly of residential and mixed-use buildings including hotels and other tourist related development.
Reference ID: #SA29619Price details: 645,000The property is located on a central avenue in Larnaca. It consists of a ground floor of 281sqm with a large open space, several partitioned offices, and sanitary facilities. The basement (323sqm) contains storage space, sanitary facilities, and a kitchenette. The property has a total road frontage of 19m. The ground floor is finished in fitted carpet and ceramic tiles and laminated PVC for the sanitary areas. There is a lowered false ceiling allowing for mobility of services and lighting according to needs. The basement is finished with ceramic tiles. The property has air-conditioning units throughout. The location is very close to the commercial centre of Larnaca near other services and commercial properties, such as banks, retail shops, service stations as well as some of the biggest educational facilities in the city.The surrounding area has a mixed residential and commercial use with several services for everyday needs like kiosks and bakeries in the vicinity.The wider area is well developed and consists mostly of residential and mixed-use buildings including hotels and other tourist related development.
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Currency Exchange
5770, 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 €645,000 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 |
|---|---|---|---|
| €645,000 | £548,695 | £564,652 | £15,957 |
| Property Price € | €645,000 |
| Minimum cost in the last six months | £548,695 |
| Maximum cost in the last six months | £564,652 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,957 |
5770, 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 €645,000 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 |
|---|---|---|---|
| €645,000 | £548,695 | £564,652 | £15,957 |
| Property Price € | €645,000 |
| Minimum cost in the last six months | £548,695 |
| Maximum cost in the last six months | £564,652 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,957 |
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 £15,957 more.
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